Post by
Winter33 on Feb 26, 2018 6:40am
Agree - stick with Icc
I personally dislike cbw - think about it - your investing in companies that have agreed to give up half or third of their profits before they even get going. How strong are these companies going to end up? Also ICC has govt support in Uraguay. Only 2 companies do & Inverell is not one of them.
Comment by
HiGhRoLLeR420 on Feb 26, 2018 7:25am
ICC have more support than just the Uruguayan Government...
Comment by
stranger5 on Feb 26, 2018 8:27am
Exactly ,also Union group is a well respected private company worth multi billions $ has operations in every country in SA , in oil, mining,papermills,agriculture,power generation etc owns around 30% of ICC shares . They will be getting the contracts as very well connected .
Comment by
blackace on Feb 26, 2018 12:14pm
Interesting. How do you know they own 30%? Is there a site that publishes this?
Comment by
JRSDIRECT on Feb 26, 2018 12:28pm
Article published in Stockwatch back in November. Union owned 40 millions shares representing 36% ownership at the time. Total outstanding shares now is 137M which translates into 30% if they haven't purchased any additional shares since Nov/17 https://www.pressreader.com/canada/stockwatch-daily/20161130/282175060728374
Comment by
blackace on Feb 26, 2018 2:32pm
got it. Thanks. That is a massive stake. Why don't any of Union Group members sit on the ICC board? Makes no sense to have RAVI Sood as a director.