Was I excited about the possibilites for Chanape? - yes
Am I still excited about the possibilities for Chanape? - less so (still not a dead duck)
Am I comfortable with management's business/market accumen? - no
Did I ever discuss any aspects of my views on ICG without basis, or without presenting reasoned argument? - no
Was success always subject to the gold grades? - yes
Did I mention this numerous times? - yes
Did I sell, or suggest a time to lock in profits or exit? - yes, when I posted "draw a line in the charts at 15c"...and posted I had sold due to changins in trading patterns.
Was this a fair call? - yes, as we subsequently learned the Chairman had been dumnping shares from this level.
Did I buy back in? - yes...when the board refused the Chairmans request for shares and again when the director escrowed his shares "after seeing the drill core"...I posted I had bought back in at the time.
Did the Company's communications (and actions) directly influence my decision to buy back in again and/or hold? - yes
Did I view their actions as those of a highly confident management/geological team, excited by what they had found? - yes
Did I post what my expectations were regarding grades? - yes
Were they reasonable? - they were significantly less than many had been suggesting on the threads, so yes, I think they were reasonable given the Company's communications.
Were my grade expectations met? - MASSIVE NO
Were ICG management/geologists just as surprised as the rest of us that there were NO gold grades to speak of in the porphyry? - I suspect this is more than likely.
Was it possible to know this prior to the receipt of assay results by the Company and subsequent announcement? - no
If the gold grades had come back between 1-2 g/t or more, (with associated Ag and Cu - ie, Andean style) over the Porphyry interval, would the stock have taken off? - more than likely
Was the prospect of a placement always going to impact the post announcement trading environment? - yes, good news or bad it was always likely to act as a sea anchor, but good news would more than likely have seen a rally.
Did the Chairman sell any of her shares in this recent forced sell-down? - who knows...we wait to find out
Any lessons to be learnt for me? - never again invest based on the rhetoric of any management who do not at least back it up with more direct evidence (ie, detailed clear photos and descriptions - I now question why they only realeased "blurry" photos of the core?).
Cheers!
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Last
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Change
0.000(0.00%) |
Mkt cap ! $4.066M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 3844875 | 0.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.6¢ | 1277593 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 3844875 | 0.005 |
9 | 8179194 | 0.004 |
13 | 18176780 | 0.003 |
4 | 4399980 | 0.002 |
4 | 7199950 | 0.001 |
Price($) | Vol. | No. |
---|---|---|
0.006 | 1277593 | 6 |
0.007 | 924600 | 3 |
0.008 | 951540 | 4 |
0.009 | 1033282 | 3 |
0.010 | 1000000 | 1 |
Last trade - 16.00pm 11/10/2024 (20 minute delay) ? |
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