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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 ukermannon Apr 24, 2016 8:33am
138 Views
Post# 24803559

RE:Integra to play the Friesland game !!

RE:Integra to play the Friesland game !!I think you' re right. As much as Eldorado would love to tuck this in, financially it would be difficult if they were to bid fair value. They have a limited amount of cash, which they need for their day to day opps, they have already debt around $600M, with more room on their line, but not what we're looking for. They have a Greek problem, spent a lot of cash there, and are now politicly frozen. Until that moves forward, at best they would able to partner up here. I'm thinking after proving up some more z's, we might see a bid come in from Iamgold. They got cash, credit, over $1B, looking to lower their all in #, and we can start producing pretty quickly as they work out their Westwood problem. In the big picture, its a nice fit, especially if Cote comes on line, given time...
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