ICN - 2.8c cash backing and could have 30-40 TCF recoverable gas in cooper basin...Beach Energy has involvement with it...with oil price looking to rally higher...can't see this staying low for long...
Interesting in their presentation that the management was very frustrated with their share price as their cash plus the value that could be attributed to their gas resource far exceeds their current share price.
Director has been buying shares on market last month as well.
Anyone onto this? @Sector Lead your thoughts?
Short Term Trading Week Starting: 17 Oct, page-70
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