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Spaghetti,
That should have been the first question from JW on yesterday’s podcast:
“Why havent any of you put your money where your mouth is and thrown your shirt at it ?”
Salary that they are pulling each month is more than enough to invest in your own company.
Could be the next tactical move from the Icon board in this chess game.
This share is volatile and would spike on a RNS showing a decent Director buy.
JQ recently said he was pleased to give the shareholders what they wanted by announcing they have entered a conventional debt facility.
How about you now go one step further JQ and show PI’s that you have faith in your own strategy and buy a shed load of shares in your own company.
They are receiving more than £100K a month Lemonsqueezy, that’s just the Joe Media deal.
Nice of Greencastle to double the management fee out of the blue. Wish my employer would suddenly decide to double my monthly wage.
Are you referring to James the Vela man ?
That share is like a strippers knickers at the mo, sure it was over 15% up at one stage today and finished down again.
I’d prefer my money was in Vela at the mo rather than locked in here but c’est la vie.
Yakya, I agree and it could even dip towards the placing price over next few weeks as patience runs thin !
Convenient time to do a Podcast, just after announcing another 6 billion shares are gunna hit the market.
EHGOS took their holding back over 3% for a reason. CLN’s have gone so grab the placing shares at 0.012 and make more money that way.
Cynical....who me ?
Lemonsqueezy,
It’s a trust issue with Icon.
PI’s are confused, frustrated and sceptical as a result of all the shenanigans that have gone on over the past few months.
I’m resigning myself to the fact that the SP is going nowhere substantial til next year.
The financials are due before year end which may have positive effect on SP, however I’m thinkin no great news or no great financial news is imminent.
I think if it was then Icon would have deferred entering a conventional debt facility agreement until that news had been released to the market first. They would then have been in a stronger position to secure a placing at a much higher figure than the current 0.012.
Positives are termination of EHGOS agreement, signing of new contracts which all add up and open new doors and somebody has been taking a nice position with consistent big buys over past 3-4 weeks.
Bottom drawer job now til all these seeds they’ve sewn with Joe Media, TLE and Lovin Media start to grow.
ATB
Icon’s brokers are Shard Capital LLP.
Icon entered into new debt facility with Shard Merchant Capital, both in the same building but 2 different companies according to Companies House.
What’s that bout ? Deal done in canteen ?
EHGOS knew they are running low (below 3%) so to squeeze even more out of Icon they strategically buy in the open market to take their holding back over 3%.
This gives them a shout on the 6 billion placed shares at 0.012. The RNS states the 6 billion placed shares are fully subscribed and spoken for.
Who can afford the £750,000.00 +
EHGOS got them all and will start dumping them again knowing PI’s luck......ha,ha.
Very cynical I know but this share makes you think this way !
All will be revealed no doubt.
AMT
With the Joe Media deal we were given exact figures of the monthly management fee and PI’s were able to see the potential with the 25% profit associated with the deal.
No figures are yet available for the TLE and Lovin Media contracts. These could be miniscule for all we know at the moment.
Why the “after hours” RNS on a Friday ?
The company has 3 working days to inform the market that a threshold has been passed. They have used the 3 days in the past so why not wait til Monday intra day ?
The predictable up and downs when EHGOS were coming to an end of a batch have gone now.
It flew to 0.03 I recall when PI’s thought EHGOS would no longer be flooding the market with shares. This has now flipped and EHGOS who focus on financing up and coming undervalued companies, have now increased their holding.
There could be an argument that if EHGOS are no longer diluting the market and are in fact buying, then this should be heading back over 0.02 no problem.
I think its more to do with a trust issue. People have had their fingers burnt time and time again here. Once Icon can show the books are heading in the right direction we might see more trust being gained and an increase in the SP. Until then I think it will hover around 0.015 and 0.016.
Cue 30% rise in SP by 10 a.m. tomorrow !!!
Hi all,
Heard Rachel Riley has crunched all these numbers quoted in the last RNS and still not been able to come up with a potential starting SP when the suspension is lifted.
Stating the obvious but this will all be bout the starting SP before people decide to bail or stick around.
These mining companies are generally long term and alot of PI’s are not in it for the long term. Quick short term profit then move on.
I was in SOLG for years before it took a natural progression upwards from exploration, discovery of resource, JORC estimate etc..... and that’s still ongoing now as they’ve unearthed a monster in South America.
Could be similar route for CML here (albeit on smaller scale) as they still have plenty of exploration still to do. This will ultimately need further funding and further licensing, all of which takes time.
The SP suspension price was way below what KLK are in at so they must be confident CML can do the business. Only concern is the timescale as said. Saw a video on Youtube from CML from November 2017. We are now 3 years on and they have still not proved the full resource up.
Hopefully get a nice surprise in next few weeks but PI’s who are not interested in the mining sector will bail and move on I rec.
ATB
Yakya,
We got an RNS which stated that the Joe Media deal had increased from £50K to £100K per month giving an extra £600K per annum to Icon but that’s not pushed the SP through the 0.02 barrier.
Whilst contract wins are positive going forward they wont do much for the SP unless its a “game changer” as far as guaranteed figures are concerned.
I agree that the next biggie will be the financials to show that Icon have turned the corner profit wise.
Why will it surge through 0.02 RT ?
Hope you are right but can’t see it personally.
There has been plenty of other big buys over the past few weeks so why will Friday’s big buys alter the game ?
Watched the interview done with JQ in July saying the hard work starts now. It will take alot longer than 3-4 months for the hard work to come to fruition.
Big money is with Joe Media, these other contract wins with TLE and Love Media all add to the pot but it will take time I think.
Like I say, I hope you’re right but unless there is a “game changer” RNS then I’m thinkin SP will hover around 0.015 to 0.016 region.
ATB
Yakya
Nobody has got a Scooby Doo what’s going on.
EHGO were down to below 2.95 and nearly out full stop.
Whilst they were selling somebody else has been taking a nice position with large buys over past couple of weeks.
EHGO then have a change in heart and buy more taking themselves back over 3%.
Fasten seatbelt first thing Monday....ATB
I’m in like you at 0.02 and am going to ride it out !
Evening all,
Are we defo sure that is not a TR1 correction ?
I know large buys have been going through but why take it down to 2.95% holding on 10th only to increase to over 3% 3 days later ?
Why not just take it down to just over 3% in first place ?
Never a dull moment with Icon....more fun and games !