Wow - opened at 1.5c today - sell side thinning rapidly - looks like it's going to pop soon pending further drill results?
Well if you aren't in a sub penny stock for a 10 bagger then you probably should be in it. And I've turned down stocks that have turned into 100 baggers, and would really have sucked if you sold out at 10 bags, but not suck as much as not buying in in the first place There is also the 1 year holding rule for capital gains tax that can play a role.
1c is the current support imho. I don't see any reason why ICG will not go to 4c-5c in the short term - by that I mean 3-6mth view. Great prospects, good governance & consistent news flow - money in the ground.
I'm in. 0.011 Was intending to buy gold today, but zinc and silver it is. Hope I'm going to be happy with this one...
Next Small Cap article: http://www.nextsmallcap.com/metals-market-revival-icg-receives-zinc-assay-cheer/ General on zinc from Mining.com: http://www.mining.com/precious-metals-nickel-zinc-likely-to-outperform-over-next-2-years-analysts/
Summary of Riqueza exploration released 6/10/16 - Very strong zinc, silver, lead. Website directs their "current activity" - re Humaspunco - they have mapped and sampled 75% of this region and only 50% of Pinta and 10% of Uchpanga. Extensive high grade mineralisation AND they EXPECT further positive results in OCTOBER. Oh yeahand they use a CAKE and CREAM metaphor "each horizon is a layer of cream" - gotta luv that they say there's cream right through the cake! Bless their hearts - I'm good with visuals. I'm betting on GOOD news.
Been very happy with this one - bought in at 0.004 and sold a quarter of my holdings at 0.012 today and will sell another quarter at 0.016, then free carry the rest. Thanks to whoever tipped this one - most of my winners have come from SS to date. (now if only PIO would turn around - I should never have gone back for a second dip on that one)
Be careful - it reminds me of the pool Cartman was learning to swim in on South Park. On a more positive note, sold my other quarter in ICG today for 0.016
I'm up 240% on ICG with a nice big round number of shares, so temped to keep riding this one and see if she makes it all the way into town. Best thing in my portfolio at the moment.