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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

Comment by blue0987on Jul 07, 2015 10:45am
144 Views
Post# 23898292

RE:RE:RE:RE:RE:RE:We are now in the 8th week from the last drill results !

RE:RE:RE:RE:RE:RE:We are now in the 8th week from the last drill results !

TedOwens - Please provide the link to where Brent Cook says "the deposit style and mining model being less than optimal against the economics contained within the PEA". What he did say was "The PEA and resource they have needs to be completely redone.”,  with 26,200m drilled but not included in last February's mineral resource update, along with the additional 75,000m - 90,000m of new drilling this year, Integra's January PEA is already outdated and would not hold-up, and would have to be redone. Integra's updated & expanded mineral resource will be coming out this Q4 2015, of which over 100,000+m of drill results will be included, the BFS to come out early 2016.

 

Plus do you really think Stephen De Jong, Herve Thiboutot,  & Charles Oliver, would  run out and buy close to 1/2 million shares of ICG thinking Integra's economics don't hold-up?

 

With 290 million shares out, and the price of gold falling, there would obviously be weak hands selling, as is the case with most of this mining sector. GLTA

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