A good reminder Grub. And a good move by our board re voting rights also.
"In aggregate, the three above (Chinese) investors now own 11% of Inca’s issued capital albeit Inca has not stated they are in any way related. However, Inca has taken the unusual step with these three investors in particular of securing agreement that votes attaching to their share placements must be voted in accordance with directions from Inca’s Board of Directors".
Chinese seem to be on a shopping spree atm for juniors... "As the 10-week sideways consolidation continues to build a floor in the gold price just below multi-year resistance at $1800, Chinese global gold miners are making all-cash offers for small-cap juniors at large premiums (eg Cardinal Resources last week). This recent wave of Chinese deals for junior firms has come while government lock-downs are systematically being lifted in select mining jurisdictions... Although it has been a rough ten years of challenging capital markets for junior miners since the last gold bull market ended in 2011, new money has been flooding into this tiny sector since the beginning of May. And investors have been taking note of juniors that have JV’s with larger mining firms, as these senior companies have basically done most of the due diligence for them".
Thank you s32! Poet
ICG Price at posting:
0.1¢ Sentiment: Buy Disclosure: Held
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