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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 goldhunter11on May 16, 2016 3:39pm
119 Views
Post# 24878247

RE:RE:Eldorado Gold Corp. Announces Sale Of More Chinese Assets

RE:RE:Eldorado Gold Corp. Announces Sale Of More Chinese AssetsThe first one sold to China, Jinfeng has a Proven and Probable of 1.8Moz (sold for US$300M), and the 3 in your post were sold for US$600M. They are all low-cost producing mines with modern equipment from the West. So, the Chinese seems to have a good deal for them, because ELD want to get the cash ASAP and the Chinese has it. Not sure what the cash is used for, but if Paul Wright wanted to sink it in the Greece sink hole then I would say it's a bad idea.They need about US$1B for the stuff in Greece which is not really a stable jurisdiction: unpredictable government and temperamental labour force, and the country could go bankrupt anytime.

Another thing to consider is that with a Market Cap of some Cdn$ 4.8B and US$0.9B x 1.29 =Cdn$1.16B it may be looked at as a juicy target (4.8-1.16 = Cdn $3.02B), bite size for G with a cap of ~20B. If G does not like Greece it can try to divest this holding to get in more cash.

Note: >>FrankyB,
- one point I would like to bring out is that it's "orange and apple" to compare ELD "Proven and Probable" with ICG "M&I and IF", they are not one-to-one correspondent;
- another point is that I believe all? mines sold, if not then most of them, are low-cost production mines. So ELD would lose the income from the ozs which are churned out by those mines (and this could be significant...you might like check this out).
GH
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