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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 Albertan22on Sep 19, 2016 9:41am
204 Views
Post# 25251200

RE:RE:Wesdome / Integra

RE:RE:Wesdome / IntegraTime will tell, but at least from the opening bell it doesn't look like there's a feeding frenzy going on.  I can think of at least a couple of reasons why ICG isn't going to go up by 35% immediately, like Wesdome did.

1)  Wesdome is a producing mine, where ICG is a speculative venture.  There's no guarantee that today's discovery will result in more gold being poured; not true, with Wesdome.

2)  Wesdome had actually gone down in the 4 months prior to their discovery, where ICG has more than doubled.  Since ICG is speculative, this discovery actually just ratifies some past movement.  

3)  This discovery isn't nearly as big as Wesdome's.  I can't find the press release now, but didn't Wesdome find a decent grade over around 70 meters?

What really matters with ICG is for them to make all of their different deposits economical, by connecting them in a way that minimizes mine construction.  The PEA that ties them together will move the stock -- before that, it would take a truly spectacular discovery.  This is a good one, though . . .
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