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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

Bullboard Posts
Comment by Nununzacon Mar 11, 2014 12:34pm
190 Views
Post# 22308310

RE:Confused/disappointed

RE:Confused/disappointedAs I've posted before, this was to be expected since inferred and indicated resources are already known. All that wasn't obvious was the expected cost per ounce which the PEA estimates. However, if you read carefully the previous press releases, you'll know that the indicated gold resources are pretty easy of access and with a good knowledge of how this kind of business work and looking at the financial statements and MD&A of other major mining companies, you can make a pretty good estimate of mining costs before the PEA comes out which a lot of people including myself have already done. Those who bought today after the press release did it on the hype and those who saw the opportunity sold. I do not engage myself in day trading. I prefer Buffet's method which is to evaluate a company before looking at its market cap and if the company is a bargain, then I buy and don't really bother myself with press releases unless they are about something very unexpected.
Bullboard Posts