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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 Shylockon Jun 01, 2017 3:48pm
169 Views
Post# 26313095

RE:ELD

RE:ELDGood, honest post.  But let me guess.  Your favorite song is Kenny Rogers' "The Gambler."  Just kidding!

The fact you state you have chronically done badly with ELD is dismaying but not surprising.  As I have repeatedly stated in prior posts, ELD is not a good mid-tier producer for the reasons already stated.  It is exceedingly dangerous to assume the Greek boondoggle will work out.  The probabilities are against it and if that goes south after a prolonged and contentious (it is already contentious from what I can gather and I am more than passingly knowledgeable about Greek temperament and geopolitics) battle, it could well clean out ELD's coffers.  It is indeed a 'big risk."  That leaves only Turkey which is another huge problem.

It really is no wonder your ELD investment is not working for you.  There is no upside driver to the share price of ELD unless the POG goes really high and when that will happen no one can say.

ICG, even according to de Jong and crowd, is doing great and going gangbusters and I really think it is ELD's last train out. 

What makes you think ELD definitely has what it takes to develop ICG's properties to their full potential?  I have seen no evidence of that ability and I would be most appreciative if you would enlighten me.

I note in your post you use a lot of conditional words like "potential," "might," "if," "could," "hoping" and so on.  These are not words you want to apply to junior gold mining.  Despite the fact it all is highly speculative, the wheat does get separated from the chaff, the sheep from the wolves and so on so that at some point you have a good property.  We had that until de Jong and company decided to grab a quick buck and dump is prematurely.  They clearly want their cut now, not later, let the plebs wait for the crumbs.  Nauseating.

Absent a large rise in the POG I personally seriously doubt ELD will ever be a winner.  Historically, far more money has been made with nascent junior golds and silvers than with producers.  It will be no different with Eldorado and it is not even in the league or near being in the league of an AEM or G.

I will say this, though.  PGM is a great prospect and that one WILL make you some coin.

Finally, if something is not working for you, do not keep doing it.  If ELD has been a chronic loser, why hold on to it?  As I said in an earlier post, hope is not either a good investment or speculative strategy.  You have to chase down the facts, try to determine if management is honest and the company sufficiently capitalized for what they are aiming to accomplish, make sure there is a mineable deposit present, and apply the laws of probability.  This strategy increases your chances of success and reduces the downside risk.

Cheers!
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