ICG 0.00% 0.5¢ inca minerals limited

Ann: 52% Take Up in Inca Rights Issue, page-20

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  1. 1,935 Posts.
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    it's healthy to have a pessimist to balance out the optimists, which most of the threads are, for any stock.
    it is a better take up compared to the last which was approx. 25% @ 1-4 entitlement, now we have 52% @1-10 entitlements, that tells me a small number of punters are willing compared to what else is in the market place at the moment, to go hard at a stock with a whole lot of potential as it was when we hit 2.8c before drilling last year but with the backing of s32, I can only think of ARE who are about to drill beside Olympic dam that is comparable and their M.Cap is $30mill or so.
    personally I would love to see a 1 -5 or 1-10 consolidation to flush out the non contributors.

    regards timmo
 
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