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Intchains Group Ltd V.ICG


Primary Symbol: ICG

Intchains Group Ltd is a provider of integrated solutions consisting of computing application specific integrated circuit (ASIC) chip products for blockchain applications and a corporate holder of cryptocurrencies based on Ether (ETH). The Company utilizes a fabless business model and specializes in the front-end and back-end of Integrated circuit (IC) design, the two components of the IC product development chain. The Company’s products include computing ASIC chip products consisting of ASIC chips, computing equipment incorporating ASIC chips, ancillary software and hardware, the products are mainly used in the blockchain industry. The Company had built a technology platform named Xihe. The Company has developed hardware models and several systems under the Xihe Platform, including a factory production test system, an after-sales data system, a computing server system and a batch management system.


NDAQ:ICG - Post by User

Post by Redflameon Feb 27, 2017 8:16pm
261 Views
Post# 25902370

Shocked

ShockedCan't believe it, thought the minimum drop would be down to $0.71 which the PEA projected.  God help the share price if gold drops back like it did last year.  It will still drop to much lower than $0.71 as investors start realizing that management  has been pumping bullsh@t for the last year.  What a bunch of morons to publish a PEA that comes in 15% less than the current share price. This management is a group of clowns.  De Jong is a pretty boy face with no real background.  All they had to do was wait until the next RE comes out in 2 or 3 months and then they could have jacked the tpd up to 2400 and got the PEA projection to $0.90 to $1.  Looks like another 150 million share dilution to pay for capex.  That will really help the share price.  Risk has shifted big time to the negative side.  Can't see any real upside unless someone takes them out for $1.10 to $1.20. Biggest risk is if gold price drops to $1,100 u.s. the PEA value is around $0.50.  There's a good chance that this stock might never get back to it high point ($0.96)
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