I think the mentality is to buy up these properties for pennies on the dollar, then work them down the road if and when gold prices recover a little. IDCN is essentially debt-free, has cash, why not buy into some of these properties at fire-sale prices? Sounds like good strategy to me.
If gold prices do eventually go up (and many "experts" say it will) IDCN's properties will be worth much more than what IDCN is paying for them now, whether IDCN mines the properties or resells them for a tidy profit.
Jeffrey must really have his "feelers" out to be able to locate these properties, and close these deals, one after another. One thing is for sure. This guy is a lot smarter than most of us realize. He is really looking toward the future. I say cut the guy a break and let him do his thing. Drilling PR will be coming .... assays will follow ....
When IDCN gets to .38, they will have redeemed themselves and shown that they were right all along. Doubters, present and past (including myself) will become true believers.
It is also nice to know that all our eggs aren't in one basket, Isaacs Harbor. Isaacs is the most important, than the Garnet property production next spring. The other properties are gravy.
I already own quite a few shares, but I think at prices I'm expecting next week I'd be a fool not to buy "a little more." :)
Show me a better .02 stock, with this potential, and I'll buy it also.
Like I've said before, I don't want to be a position to "chase a stock," everytime I try it, I get burned. When you find a stock like this, all beat down in the dirt w/ all this potential good news coming, buy/buy more/average down/go to town/dance around/act like a clown/wipe away that frown/Santa Isaacs coming to town.
:) vb |
