Intchains Group Ltd V.ICG

Heads we win, Tails we also win !

[Silverwhere]

I believe many PM investors are about to figure out that the ICG (basement) floor is really at 1.6 times the current price i.e. a 60% premium to today’s $0.315 price per share

which equals $0.50 !

You see, it’s coin toss time >>> a peek at the flipside of our lucky ICG coin:

If not a Joint Venture between Eldorado & Integra (much like the Feb 2015 Premier Gold – Centerra Gold JV previously discussed), then the flipside of our lucky ICG coin reveals something as per the following:

May 12, 2010

Reminiscing about that date... ah those were the days... and these types of joyous days are set to return to this PM sector; probably by next year as the price of gold marches on with rejuvenated vigor. The PM pendulum of time is now crossing its WHY axis; swinging to the are you ready WHEN price acceleration phase.

I was fortunate to have a fair number of Canadian pesos in Brazauro BZO (as well as ELD), and benefitted from this transaction (see below) after waiting patiently for ELD to make its final move:

“Under the Arrangement, each Brazauro Share will be exchanged for 0.0675 Eldorado shares, which together with the contemplated spin out of New Brazauro would value Brazauro at C$1.33 per share, representing a premium of 92% to the closing price of Brazauro shares on the TSX Venture Exchange (the "TSX-V"), as at May 11, 2010. In addition, as part of the transaction, Eldorado has agreed to fund with C$10 million a new exploration company ("New Brazauro") that will contain certain exploration properties currently owned by Brazauro. Each shareholder of Brazauro, other than Eldorado, will receive one share of New Brazauro in addition to 0.0675 Eldorado shares for each Brazauro Share”.

Eldorado owns 14,326,000 of Brazauro's common shares and 4,916,000 warrants representing approximately 17.2% of Brazauro on a fully diluted basis.

https://s2.q4cdn.com/536453762/files/doc_news/2010/10-09.pdf


To reiterate,

Heads we win, Tails we win !



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