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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

Comment by LRGreturns4meon Feb 09, 2017 8:17am
220 Views
Post# 25821322

RE:lrg

RE:lrgNo, I do not work for ICG or any other publicly traded company. I was just going off of the 11/16 NR when the RE update was released. This is what it said:

The resource estimates announced today will be used for an updated Preliminary Economic Assessment ("PEA") which the Company anticipates completing in early Q1 2017. Management felt it was prudent to move forward with both the resource estimate announced today and the subsequent PEA as this resource represents a three-fold increase when compared to the resource used for the previous PEA (see news release dated January 13, 2015).

So, I may have missed a TV interview where the date was moved forward, but I am not aware of it. They also do not control the independent consultants working on the PEA, so anticipates is a key word in the NR. I was just thinking if the person is frustrated with a 12 month double and great news forthcoming, that selling on the PEA NR might be a good idea.
Good luck, LRG
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