RE: RE: ICG Share Price
Buybuybuy, I guess thats what is the question everyone should be asking, with all the positives noted on your text, why are we at 28 cents, yeah its a bad time for exploration companies and you can give some room for the decline but we are looking at 60% decline from the 52 week high and going lower.
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As for bashing management and this company, it has become a natural, becuase to date what are the positives in 2011 to hype this company in a constructive way, I cant see anything that suggest we are in the right direction, I dont even know at this time if the drill program will produce anything positive in 2011 and that maybe related to poor location of our drill program and a shoestring drill budget,
Sandvic is right we are nearing a good entry, but not till stability comes about. If we drop in the teens, I would consider another entry, but not till I fully understand, are we close to another pp, because reality is this company has a history of giving away shares well below market value, in fact are legends in the game for such easy entries and if that comes about like it did with RRS we could see it plunge to the teens overnight
I wish sandvic is correct that we have bottom out at 28 and perhaps this week we will show some sign of that, but it must be seen, not just hype of whats said on this forum. Facts are judged by actions and till action is seen and share prices are stable, everyone should have red flags on this company on fear that Billy is correct and we end up at 5 cents
As for Billy, as much as everyone has past judgement on him, he seems to be the most accurate man on this forum related to understanding the sharprice direction, yeah he has overdone his thoughts well beyond the norm, and has taken it personal, but no different than THE MARINE who is a warm welcome by most, but is not near to being accurate to whats next, which makes no sense. I applaud Billy for being accurate to date and maybe he has save people cash, which this forum should be about.
I think we are going to have an interesting 2 weeks and if in two weeks we are at 28 cents great, but I dont think anyone is near certain to say 100% we are stable and will be 28 cents in two weeks