RE:RE:RE:ICG sells nearly half of it's Eastmain shares skyhi0 wrote: Something's not right. These ER shares could have been sold at a much higher price recently. That means this is urgent. Urgent = not good.
Complete rubbish. In mid September ICG had more than $42mil cash on hand. With a burn rate of $3.5mil per month, they will still have around $36mil in cash.
There is no emergency that requires them to sell Eastmain shares for cash urgently.
About 30 years ago I was told the first rule of investing was to take profits and cut losses. Looks to me like ICG have taken profits and added cash to their bank account.