Waiting Room, page-747

First 747 Last

Share
Profile

Follow
Money made

2,228 Posts.

307

21/05/18

17:27

Post #: 33238337
Share

Originally posted by Dr Jonathan West ↑

Findingnemo ..... hold the faith!! I have not posted on this thread for a while, however, the last couple of ICG ASX releases have been very positive.

The market, as we all know is a totally irrational beast - at least in the short term - and there appears to be no logical reason for the recent tanking of the share price, as there has been nothing but positive news. Sure, it is frustrating as there "appears" to be no progress, but as I keep reminding you all - exploration is a game of elimination as much as discovery and things don't happen overnight.

For me, they have eliminated a lot of the risk with securing (subject to a positive geophys survey) of the potential JV with S32. Then we have the ASX release on the Rastillo (old Humaspunco area) a couple of days ago, where they not only talk about the potential for defining a resource in the near term (and look at the possible dimensions of the announced mineralisation to understand the potential size of the resource- subject of course to grades being consistently demonstrated!) but for the first time have reported what I think are some decent vein widths - which if repeated, will seriously add to the overall potential.

Whilst there is a long way to go, for the first time in a couple of years I am feeling that we have definitely turned the corner and that not only will there be a constant stream of exploration news, but that it could all lead to a very nice outcome with the declaration of a decent size resource. Time will tell, and as I have repeatedly said exploration is a long game - in both odds and time to deliver - but I sense something special could happen here and the long time and loyal shareholders, who have stuck through the tough times, will be rewarded at last.

I already have 9 million shares, but I must admit with the unexpected and, in my view, unjustified drop in the share price today, I am seriously considering rounding my holding up to a nice even 10 million.

Expand

The market can be asleep half of the bloody time too. Lets see how INCA go with S32, but all jokes aside I think things will work a treat here.

ICG Price at posting: 0.5¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ASX Market Open: Green Friday as markets digest Trump; China | 8 Nov 2024

Trump is President Again: What Does This Mean for Crypto?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

LM8

Polymetals reaches final financing stage to kick off Endeavour mine restart

There are more pages in this discussion • 54 more messages in this thread...

First 747 Last

Add ICG (ASX) to my watchlist

(20min delay)
Last 0.5¢		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($)
5	3871494	0.5¢

Sellers (Offers)

Price($)	Vol.	No.
0.6¢	2455709	6

View Market Depth

No.	Vol.	Price($)
2	1670552	0.005
10	10230544	0.004
9	3776780	0.003
3	3199980	0.002
3	4799950	0.001

Price($)	Vol.	No.
0.006	1541940	4
0.007	1198850	3
0.008	2450320	5
0.009	1033282	3
0.010	1000000	2

Last trade - 07.00am 08/11/2024 (20 minute delay)

ICG (ASX) Chart

Day chart unavailable

Waiting Room, page-747

Top Stories

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

ASX Market Open: Green Friday as markets digest Trump; China | 8 Nov 2024

Trump is President Again: What Does This Mean for Crypto?

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Polymetals reaches final financing stage to kick off Endeavour mine restart

Buyers (Bids)

Sellers (Offers)