not so bad As discouraging as the low stock price is, here is a positive perspective. First, people seem to think ICP has plenty of money, but they have indicated that they are at the end of their reserves, having now paid for all the research that has gone into the FS. That they are raising a relatively measly 5 million indicates to me that they can see the finish line of a real financial partnership. They could have offered up to 25% without stock owners vote, instead it is less than 10%
It is also interesting to me that the offering is worded in such a way that if the stock rises within 4 months above .50, they can close the sweetheart option ahead of time rather than give away a ridiculous killing a year or 18 months from now. I’ve read other’s offering wording and they didn’t include that language. To me that reveals a degree of confidence by the BD.
In addition, being so close to FS release seems more to me to be just taking care of business. Who ever buys will know what’s in the statement. If it is so horrible, no-one will buy even at .25.
It is likely that the overall costs will be more than in PFS; but anything under 950M still is way ahead of the competition. There will be moaning but I think the numbers still work out.
Yara probably has no reaction to the low stock number. They bought to finance mine exploration and knew the risks. They are after the product, not a stock portfolio, and so far, no one is revealing any strong negatives. (Post it here if you know of something!)
Most of this low price is tax-loss write-offs and the tailings of uncertainty in commodities. But ICP is coming up with a solid product and these numbers will soon change. But of course, this is just what I think! GLTA! (I hope I am right, and you should too! ; ))