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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 awacs1on Mar 26, 2016 10:23pm
166 Views
Post# 24702494

News or no news...

News or no news...The last NR was 16 Feb. At that time they mentioned, "The Company recently completed 11,000 meters of drilling (assays pending) in and around the No. 4 Plug" and " In 2016 a total of 13,394 m in 33 drill holes have so far been completed at Triangle. Drilling is on-going at Lamaque South with 8 drill rigs currently in operation. The results announced today are from an additional 15 drill holes, including 6 drill holes for which only partial results are available, representing 7,378 m. As of early February, drill results are still pending from an additional 49 drill holes representing 21,435 m of core from Triangle"
The company is sitting on a wealth of news! I beleive they have an obligation to release the information from assays within a reasonable period. When is this going to happen?
With the current data, $1 invested in ICG gets access to about $30 in Aueq, and with updated drilling this should up increasing the attractiveness for a takeover.
The drill results still have too broad a spacing to get an accurate measurement of the resource. I expect the RMX story will have a sobering effect on estimates. Looking for an NR!! cheers
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