Hi, 5speed, IMO only , what I write may be untrue! IDC isn't the only outfit that has performed badly since the IPO, KGD ,another Papuan explorer hasn't done too well either. Come to think of it neither have GRY, or AZM , among many others. I suppose it's a case of buyer beware, but that's not much of a consolation to you. What sets IDC apart from the others is that IDC looks to be more than a trifle suspect in their utilisation of where the exploration dollar has gone. Frankly what have they done with it?? Was it all spent on trying to promote Mt. Kare?? At least all the others have made honest endeavours. KGD, GRY, AZM and others have been unlucky, caught in the perfect storm, a lower GP coupled with the near impossibility of financing . Difficult to counteract that! What is really disappointing is that the erstwhile CEO of IDC has managed to wriggle through the safety net {there doesn't seem to be one in place to protect the retailers} and is now able to bugger up other companies, if this is the norm no wonder there are debacles like IDC . It's always easy to be clever in hindsight but really some of the rubbish written on hotcopper promoting IDC beggars description. I must admit the Captain has a real sense of humour, his latest post is a real screamer, much better than all that drivel written by the terrible twins. Brilliant tongue -in -cheek stuff! Unfortunately IDC looks to be a disaster, I really hope it can get up off the canvas for you . BOLTA!.
IDC Price at posting:
0.9¢ Sentiment: Sell Disclosure: Not Held
