This goes out to Manfred, Jim and everybody else who's completely sold and "long" on IDCN.
It boils down to a recent reasonably famous quote...
"SHOW ME THE MONEY!!"
People are hyping this stock, that's it, there has been NOTHING here but hype and speculation! ANY investor who makes conclusions about a gold (or any other other precious metal) deposit based on ONE drill hole is a fool. I'm sorry to be blunt, but it's true. As I mentioned in my earlier post 'it is absolutely IMPOSSIBLE to make any accurate estimate about profitability or reserves without a 3D geochemical analysis'.
I hold IDCN, and I hope to God this is real! But I wouldn't bet my first born child on it. There is NOTHING substantial to support anyone's claims here, especially not the claims at the IDCN website.
PLEASE, PROVE ME WRONG!! I want to make money too, but in all honesty, I'm holding this stock on speculation, NOT on proven reserves!
I don't understand the logic here people! Manfred, you pulled that excerpt off the Nova Scotia Government website, about the Meguma Group... It's a website designed to provide hype and attract investment - of course they are not going to say that other properties in the Meguma Group are ONLY marginally economic! That would be silly. The economic properties have been mined off prior to WW I and now they're waiting on technological advancement. Talk to ANYBODY who knows the Meguma Group and they will agree!
Prove me wrong people, please, but this is based on FACT. There is NOTHING, I repeat NOTHING substantial to support these claims of fame and success.
But on a lighter note... please understand...I TRULY do hope this takes off, but until I see some pretty consistant test results, I'm not betting the bank.
Any replies??
Greg |
