RE:RE:RE:RE:MarineThe reason I went for a history check because you said the following in your reply to carnarvon:
"carnarvon
I don’t know what happened to your shares after the 1 for 10 rollback but my shares price went from 0.018 to 0.18 the next day then rallied to .80 within 3 months on very little news.
Read more at https://www.stockhouse.com/companies/bullboard/v.icg/integra-gold-corp#O2GXOFzKAXSmICQt.99"
There are two triggering points for me to do my own DD, no criticism intented:
- You said "Share went from 0.018 to 0.18 the next day" : Your info says that the SP in increased by a factor of 10 following a consolidation of 1 new shares for 10 old shares. But I could not find this factor of 10 jump in the SP from 0.018 to 0.18 from the google finance chart (link in my previous post). But, that is fine.
- "then rallied to 0.80 within 3 months on very little news": Question for myself was "what rally?". If you look at the 21 Dec 2010 NR for the consolidation and the stock chart you can see the correlation between the NR and the big jump to 0.80 (from 0.08) and I would suggest that this jump of 10 is the direct result of the 1 for 10 consolidation. It's not a rally from a previous jump 3 months earlier "without any news".
As far as I am concerned, I have found the factor of 10 jump after the trade with the new name and symbol on 22 December 2010, hence the consolidation effect was resolved and I am sastisfied with the timing as shown by the chart and the NR. That is my way of doing my own DD: Learn from history and verify with facts, including making sure that the stuff floating on the Web is correct info.
As an aside: Not sure if folks here have come across a piece from an analyst from a good name firm. It's still there on the web (no attempt has been made to correct/retract the piece), link below
https://microcapmagazine.com/2016-04-04-rbc-capital-boosts-probe-metals-inc-prb-price-target-to-c3-50/
Check this story out and decide for yourselves if the analyst got the old PRB and new PRB mixed up. His target price was 3.50 while the SP for the new PRB is at ~0.87 (Quite a target price for an early-stage exploration junior, it was 0.23 in early April 2016). The old PRB no longer exists, it was bought up by G for $526M for 4.3Moz (my favourite example for comparing with ICG value).
Back to ICG, the big drop was when the first RE for Lamaque was published on 27 June 2011 (NR). Actually, the SP nose-dived ahead of the NR (must have been a leak) from 0.80 to 0.20...then young de Jong came along, and the rest was history.
For me this is a good history lesson, at least I picked up a bit more info on the company.
Consolidation is not necessarily bad/good. For some companies, like Apple, their fans/shareholders want share split...the more the better.
GH