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Bullboard - Stock Discussion Forum Intercontinental Gold and Metals Ltd V.ICAU.H

Alternate Symbol(s):  GXMLF

Intercontinental Gold and Metals Ltd. is a Canada-based metals and mining company. The Company is specialized in precious metals with gold bullion refining capacity of over five tons per annum. In addition to gold bullion, it also trade other commodities, including base and precious metals ores.

TSXV:ICAU.H - Post Discussion

View:
Post by Michael1972 on Aug 12, 2020 11:01am

Volume

Unfortunately, the stock is further under the radar of investors.
The increased raw material prices should have a double positive effect on profits. In addition, with the high gold price, smaller miners are likely to be looking for buyers for their ounces.

Unfortunately, the PR for ICAU is not available.
Comment by thenightstocker on Aug 13, 2020 6:53pm
Company (Bolivia) has been shut down since March 25th or so, no word on return. Bolivia is a bit of a $hitshow politically, that hurt previous quarters and shows no sign of improving short team. Only one making money is the CEO and he is buying beere but can't find out where, lol. https://twitter.com/InterconGold https://twitter.com/InterconGold
Comment by Michael1972 on Aug 14, 2020 8:58am
Gorden Glenn, CEO commented, "2019 operating results were strong and trending higher until November 2019 when we were forced to temporarily cease business operations to ensure the safety of our clients and employees. The impact was a loss of significant revenue and associated trading profits in the fourth quarter which in turn dragged full year results down. Heading into fiscal 2020 we were ...more  
Comment by thenightstocker on Aug 14, 2020 11:34am
Yup read all the reports long time ago.  First quarter ended march at a loss, well what di you think the second quarter is going to look like, yeah like a total loss. The last years numbers were hampered by the political situation not the pandemic, and it you look atthe facts the situation is still politically messed up even on twitter. I thought you were mal informed turns out your just how ...more  
Comment by thenightstocker on Aug 24, 2020 10:07am
Looks like you are getting some of the volume you wanted but its a downward trend. Well may come back to life in the fall, just be careful and pay attention to the election in Bolivia. Remember when this stock was said to be under valued at .69 and people were willing to gobble it up under a dollar well those times are a bit off in the future but if you have money burning a hole in your pocket you ...more