ICN 0.00% 0.6¢ icon energy limited

why up 50% in weeks

  1. 4,489 Posts.
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    Why did ICN jump from 20cents to 30+cents in weeks before all this. The fundamentals for this company must have driven the resurgence surely.

    So why would this announced MOU be anything but a positive?

    Add the chance of a T/O as suggested and it seems to make sense.

    The near 40cent price is a definite support level if needed, but I too have bought back in for a top-up.

    Further, I have seen no big ugly questions nor poor answers surface during or after the Press Conference. There should be some good reading over the week-end.

    Friday arvo trading is maybe a factor, but I would not be surprised to see a large buying spell in the last 30 minutes, all things considered.

    I'm happy.
 
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