IDC indochine mining limited

I can't see it bombing really, it will go backwards for sure but...

  1. 261 Posts.
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    I can't see it bombing really, it will go backwards for sure but probably not below 6c. They have to make an announcement in 2 weeks time about the outcome of the capital raising, if that has failed to raise any more funds and they don't have a backup plan then this could drop to record lows.

    The fact that the major holders haven't been selling down (at least not meaningfully) over the last few weeks since the price picked up gives me some confidence that the financing situation is under control. If you have more skin in the game than you are comfortable with then you really should look to sell down to a level your happy with before the capital raising results are announced. However, I see no real reason to sell out completely at this time though, you buy a company like IDC for the sort of big milestones they are due to reach shortly, it seems odd to sell out just before they get there, unless of course you are overexposed.
 
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