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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Ltd is a China-based provider of integrated solutions consisting of high-performance application specific integrated circuit (ASIC) chips and ancillary software and hardware for blockchain applications. The Company has built a proprietary technology platform named Xihe Platform, which allows to develop ASIC chips.


NDAQ:ICG - Post by User

Post by wwadehammeron Oct 27, 2016 5:48pm
180 Views
Post# 25395417

What's Up?

What's Up?If the RE doesn't come out soon then I'm beginning to think that management might be changing the plans for the PEA. It would make more sense to me to prepare the PEA after the bulk samples from Triangle are processed to get a better analysis. As the ramp is getting close to C1 and C2, the bulk samples could be finished in Q1 2017 with an RE and PEA to follow. The PEA would satisfy the need for the study CA and allow production to proceed in Q2 2017. De Jong might not be happy with the terms he is getting in his meetings with bankers and doesn't want more dilution. The only hold up now is getting the plant ready. De Jong might figure the $5.2 million is enough to get the plant ready and leave enough funds to continue drilling. Don't know if they have enough funds to lease the equipment they need but if more funds are needed, then sell the rest of Eastman.
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