Australia's largest stock trading and investment forum Australia's #1 stock forum

IDC

Click for more information

0.00%

0.0¢ indochine mining limited

Yes, it certainly looks that way. I'd been meaning to ask about...

First 34 Last

Share
Profile

Follow
ramblehe

1,336 Posts.

2

30/03/15

13:51

Post #: 15004745
Share

Originally posted by 5speed ↑

Well, Brian may end up losing his 'share investment' but of course, as he is the only debtor in terms of having lent them money and having secured all our assets, I would think Brian will come out of this with the exploration licence if the PNG officials let him have it. Of course, the interesting part of this, is that Dermott does this stuff for a living, so will be interesting to see how long this drags out, as it can go on for years. Have a look at the MCO thread, a gold miner in Victoria who went into voluntary suspension and stayed there for about 3 years and it took 2 1/2 years for the mob who had the mortgage over the assets to lay claim to it all. So, I think us shareholders are screwed, but not necessarily Brian. Stay tuned, as this could get interesting even though I think we have done our beer chips.

Expand

Yes, it certainly looks that way. I'd been meaning to ask about claiming a loss CGT wise... but I guess there'll be plenty of time to find out about that.

IDC Price at posting: 0.6¢ Sentiment: None Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

AXP

Tambourah chases gold veins and mineralisation extension with drilling

There are more pages in this discussion • 10 more messages in this thread...

First 34 Last

Add IDC (ASX) to my watchlist

SPONSORED BY