ICN's biggest priority right now is proving reserves. Then they can start talking about contending with the likes of Pure for market value.
The current board, while relinquishing a lot to Stanwell for very cheap, are nonetheless still heading toward that certification.
What do Baldwin and co propose? Certainly better deals can be done - ones that are commensurate with Arrow/Pure bidding rates - but only once reserves are certified.
How is Baldwin going to prove reserves? If they've got their eye on a farm-in partner then let us know NOW, otherwise their whole campaign for control seems to be built on smoke and mirrors too.
We could do a lot worse than the current board if we put one in that has no plan moving forward. Yes they may draw less salary, but right now there's nothing to say they could see 12 months pass with no drilling activity either. If the challengers haven't got something lined up now to get that going, then I think if they get voted in, they'll be further behind the game than the current board.
- Forums
- ASX - By Stock
- ICN
- the new board?
the new board?, page-5
-
- There are more pages in this discussion • 22 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ICN (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.608M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Featured News
ICN (ASX) Chart |
Day chart unavailable
The Watchlist
AHK
ARK MINES LIMITED
Ben Emery, Executive Director
Ben Emery
Executive Director
SPONSORED BY The Market Online