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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 Redflameon Feb 09, 2017 11:18am
220 Views
Post# 25822794

Squat From GRC

Squat From GRCIt's been over 11 months since they announced the results of the GRC. Since then they drilled  2 targets that were no-brainers that would have been drilled anyway.  I notice they haven't announced what target # 3 will be much less started drilling it.  I notice they haven't announced any resluts from targets #1 or 2, and I don't buy IR's garbage that Triangle comes first.  Why drill if you can't analyze the results.  They have the results from several targets and are choosing not to release them.  The GRC was a good publicity stunt, as is the disrupt challange, that haven't and won't produce any results as far as the share price goes.  The challanges do take attention away from management's failures to meet announced deadlines.  Could be delay in issuing this PEA is caused by the need to tweak it to get the bottom line up to the current share price.  All they had to do was wait another month or two and they could have added another 100,000 meters of drilling and maybe raised the bottom line to $1.  What's another month when you're already 10 months late.  Hopefully they have some good drill results in hand to lessen the disappointing upcoming PEA.  What a waste of time and money.


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