ICN 0.00% 0.6¢ icon energy limited

The odds are stacked on the sell side, but someone's happy to...

  1. 260 Posts.
    The odds are stacked on the sell side, but someone's happy to keep buying at these levels. We should have news about the dewatering in a couple of weeks which should kick it along a bit. This is assuming management stick to their recently announced schedule, and given that, we should see a follow-up announcement no later than about a month after with the status of the BNB sales contract.

    IMO, still quite a mystery from here in on as to what is going to happen with ICN. Sticking to their schedule and making timely announcements on the initiation/completion of each of these milestones will help to keep investor confidence up. If there is no announcement about dewatering by the end of September, I can see holders exiting pretty quickly.

    Regardless, I hold in confidence they'll get this together and see the SP beyond $1... eventually.
 
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