Share Name Share Symbol Market Type Share ISIN Share Description
IMC Exploration Group plc NEX:IMCP NEX Ordinary Share IE00B6WC2H62
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 0.00 0.00 -
Bid Price Offer Price High Price Low Price Open Price
0.00 0.00 0.00 0.00 0.00
Last Trade Time Trade Type Trade Size Trade Price Currency
- 0 0.00 GBX
IMC Exploration Group plc (IMC) is focused on acquiring and exploring prospecting licence areas which they believe to have high potential for natural resources.

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wexboy: 2016 – The Great Irish Share Valuation Project (Part II): Company: IMC Exploration Group (IMCP:PZ) Last TGISVP Post: Here Market Cap: GBP 1.9 M Price: GBP 1.75p [NB: IMCP’s supposed to begin trading on the LSE on or about May-31st?!] Hahahahahahahahahahahahahaahahahahahahahahahaha… That’s just a quote from my last write-up…since US Oil & Gas is de-listed yet again, I’ll miss having another chance to mock its shareholders, so I needed to let off some steam there! IMC is, of course, another Liam McGrattan/Nial Ring vehicle – McGrattan’s the real puppet-master here, but Ring actually managed to sink even lower in my opinion the other day, as he also appears to be an apologist for the notorious Hutch family. After seeing them claim a 354g/t core interval (a huge multiple of what’s found in some of the highest grade gold mines globally), I washed my hands of ’em years ago. But now they’ve somehow managed to seal a 75% farm-in deal with Koza (a Turkish mining group) in return for €3.4 million of works funding…and if they pull off this LSE listing, you can expect to see a much larger & more concerted ramping effort here. Of course, there’s nothing tangible backing any of this up. The company has a mere €63 K of cash on hand, it’s just raised a new £100 K placing, and its annual cash burn is €126 K. That pegs fair value, if you can call it that, at: (EUR 63 K Cash + GBP 100 K Net Placing * 93% / 0.7601 EUR/GBP – EUR 126 K Annual Cash Burn) * 0.7601 EUR/GBP / 108 M Shares = GBP 0.04p Astonishingly, IMC’s once again evaded the worthless tag – at this point, it’s merely ridiculously over-valued!? But for some wing-nuts, a seductive story & a 1.75p share price is too much/too cheap to resist… Price Target: GBP 0.04p Upside/(Downside): (98)% For related links/graphs/files, and more TGISVP analyses/price targets: Google the Wexboy investment blog.
wexboy: Company: IMC Exploration Group Prior Post(s): 2013 Ticker: IMCP:PZ Price: GBP 2p Hahahahahahahahahahahahahaahahahahahahahahahaha... Ahem, sorry – I couldn't help myself there for a minute. But seriously, I thought long & hard (OK, more like 30 seconds) about including IMC here – the last thing I want to do is suggest the company's some kind of legitimate investment possibility. On the other hand, it's too hilarious to it's always good to warn of an inevitable share price collapse. [Hmm, if the shares end up being suspended/de-listed in the dead of night, what's the bets some die-hard shareholder insists I made the wrong call!?] This PoS stock springs from the same stable pub Liam McGrattan & Nial Ring production line as my old favourite...yep, US Oil & Gas (USOP:G4)! [Nice to see a touch of the McDonnell magic here also - wife Lisa is a 6.6% shareholder]. But IMC's equally impressive, judging by the 354 g/t gold interval they reported just over a year ago in Co. Wexford – a fantastic discovery, and surely a match for that ocean of oil USOP reported under the Nevada desert! Have a read, they kindly provide a treasure trove of media coverage here – though the articles seem to have dried up a year ago. Now, isn't it a shame they didn't include the entertaining little article about the company's extraordinary tiff with ex-Chairman Hugh Gibney – though they did see fit to publish an RNS about it. Now, there is the minor matter of cash, or lack of it – IMC's only got two grand on hand, vs. an annual cash burn rate of EUR 271 K. [Rather bizarely, no cash flow statement was included in the recent final results]. However, the company has agreed a 200 K convertible loan note deal with Liam McGrattan to provide liquidity. The company also managed, rather surprisingly, to acquire a tangible asset – by issuing 16 M shares in return for 320 K shares in Global Resources Investment Trust (GRIT:LN). [Rather bizarrely, GRIT doesn't appear to have traded yet, so let's reference its fast-declining NAV instead]: (EUR 2 K Cash – 271 K Annual Cash Burn + 320 K GRIT Shares * GBP 73.2p NAV / 0.8222 EUR/GBP) / 69 M Shares = GBP 0.02p By some sheer marvel, IMC isn't actually worthless...yet. But it is ridiculously over-valued! Price Target: GBP 0.02p Upside/(Downside): (99)%
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