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This is a weird looking walkdown to me
dont be scared to grab those 17's they will look real good EOD IMO
Don't worry with as much as they shorted this last week..don't be surprised to see them try and hold this back...eventually they will be forced to let it go~
definitely trying to fill the gap here...won't be long IMO
Over 70 million traded in 10 minutes!
IDCN ask falling..huge run coming!!~
I'm upping my order to .0017! Sheesh
Not to mention the short squeeze that's going to be in full effect tomorrow as well. Tons of shares shorted last week.
Man..I'm sure glad I stumbled across this tonight!! looks like the party is just getting started!
.005 may not be too far off in our distant future..IMO
no problem..glad to have brought some value to the board!
Glad I added another 2mm friday afternoon at .0013
This the new property they have put together...all additional to the canadian properties
This week will be fun!
IDCN NEWS OUT!!!
INDOCAN RESOURCES & MID-ATLANTIC CAPITAL COMMIT $12M TO BELLE MINES SOUTH AFRICA
PALMA DE MALLORCA, SPAIN, May 17th -- The Boards of Directors of Indocan Resources, Inc. (OTC: IDCN) and Mid-Atlantic Capital Ltd. announce that they have committed to a $12 million minimum initial capital infusion to eight mine sites in South Africa.
Bele Holdings has been granted mining rights (new mineral rights) for an area covering some 144 square kilometres in Barberton – Mpumalanga province. The mineral rights comprise 414 base metal claims situated on the farms Hooggenoeg 150 IT, Doornhoek 157 IT, Kortbegrip 168 IT, Laggenoeg 158 IT, Rozentuin 159 IT including the Von Brandis, Heather Bell, Pentland and Thistle section, Soodorst 2, IU Overberg 1, IU and Nooitgezien 3, IU in the mining district of Barberton.
These claims cover the area of the Old Thistle, Heather Bell, Golden Snake, Von Brandis, Queen of Sheba and Pentland mines. The property lies at a mean height of 765 metres above sea level, close to the Komati River.
Bele Mines has substantial infrastructure including a number of shafts and 300 m of underground development and is the most advanced of the projects in the area. The main shaft was sunk to a depth of 50 meters and reef development has taken place on a mineralized shear zone.
Mid-Atlantic Capital advises public companies on funding activities and helps companies become public and get early stage funding. Indocan Resources is working closely with all parties related to this gold mining prospect and will have a carried interest and a slice of the NSR when completed.
Mapping and sampling carried out by previous investigators has established a total resource of 8 million tons of ore at 7.38 g/t down to a depth of 45 meters below the extensive reef development on the 50 meter level, i.e. 95 meters below the shaft collar elevation (this represents circa 1% of the total mining area).
This is equivalent to some 1.4 MILLION ounces of gold from the developed area
Production of 360,000 tons per annum at 7.38 g/t producing after 29 months revenue amounting to an average of US$60 million per annum. The life of mine is estimated to be over 20 years.
At a discount rate of 15% per annum over a ten year period the estimated Net Present Value amounts to US$233M for the existing developed mining area (this represents circa 1% of the total mining area).
IDCN Huge NEWS!!!
This is HUGE!!!!!
IDCN NEWS OUT!!
NEWS!!
INDOCAN RESOURCES & MID-ATLANTIC CAPITAL COMMIT $12M TO BELLE MINES SOUTH AFRICA
PALMA DE MALLORCA, SPAIN, May 17th -- The Boards of Directors of Indocan Resources, Inc. (OTC: IDCN) and Mid-Atlantic Capital Ltd. announce that they have committed to a $12 million minimum initial capital infusion to eight mine sites in South Africa.
Bele Holdings has been granted mining rights (new mineral rights) for an area covering some 144 square kilometres in Barberton – Mpumalanga province. The mineral rights comprise 414 base metal claims situated on the farms Hooggenoeg 150 IT, Doornhoek 157 IT, Kortbegrip 168 IT, Laggenoeg 158 IT, Rozentuin 159 IT including the Von Brandis, Heather Bell, Pentland and Thistle section, Soodorst 2, IU Overberg 1, IU and Nooitgezien 3, IU in the mining district of Barberton.
These claims cover the area of the Old Thistle, Heather Bell, Golden Snake, Von Brandis, Queen of Sheba and Pentland mines. The property lies at a mean height of 765 metres above sea level, close to the Komati River.
Bele Mines has substantial infrastructure including a number of shafts and 300 m of underground development and is the most advanced of the projects in the area. The main shaft was sunk to a depth of 50 meters and reef development has taken place on a mineralized shear zone.
Mid-Atlantic Capital advises public companies on funding activities and helps companies become public and get early stage funding. Indocan Resources is working closely with all parties related to this gold mining prospect and will have a carried interest and a slice of the NSR when completed.
Mapping and sampling carried out by previous investigators has established a total resource of 8 million tons of ore at 7.38 g/t down to a depth of 45 meters below the extensive reef development on the 50 meter level, i.e. 95 meters below the shaft collar elevation (this represents circa 1% of the total mining area).
This is equivalent to some 1.4 MILLION ounces of gold from the developed area
Production of 360,000 tons per annum at 7.38 g/t producing after 29 months revenue amounting to an average of US$60 million per annum. The life of mine is estimated to be over 20 years.
At a discount rate of 15% per annum over a ten year period the estimated Net Present Value amounts to US$233M for the existing developed mining area (this represents circa 1% of the total mining area).
INDOCAN RESOURCES & MID-ATLANTIC CAPITAL COMMIT $12M TO BELLE MINES SOUTH AFRICA
PALMA DE MALLORCA, SPAIN, May 17th -- The Boards of Directors of Indocan Resources, Inc. (OTC: IDCN) and Mid-Atlantic Capital Ltd. announce that they have committed to a $12 million minimum initial capital infusion to eight mine sites in South Africa.
Bele Holdings has been granted mining rights (new mineral rights) for an area covering some 144 square kilometres in Barberton – Mpumalanga province. The mineral rights comprise 414 base metal claims situated on the farms Hooggenoeg 150 IT, Doornhoek 157 IT, Kortbegrip 168 IT, Laggenoeg 158 IT, Rozentuin 159 IT including the Von Brandis, Heather Bell, Pentland and Thistle section, Soodorst 2, IU Overberg 1, IU and Nooitgezien 3, IU in the mining district of Barberton.
These claims cover the area of the Old Thistle, Heather Bell, Golden Snake, Von Brandis, Queen of Sheba and Pentland mines. The property lies at a mean height of 765 metres above sea level, close to the Komati River.
Bele Mines has substantial infrastructure including a number of shafts and 300 m of underground development and is the most advanced of the projects in the area. The main shaft was sunk to a depth of 50 meters and reef development has taken place on a mineralized shear zone.
Mid-Atlantic Capital advises public companies on funding activities and helps companies become public and get early stage funding. Indocan Resources is working closely with all parties related to this gold mining prospect and will have a carried interest and a slice of the NSR when completed.
Mapping and sampling carried out by previous investigators has established a total resource of 8 million tons of ore at 7.38 g/t down to a depth of 45 meters below the extensive reef development on the 50 meter level, i.e. 95 meters below the shaft collar elevation (this represents circa 1% of the total mining area).
This is equivalent to some 1.4 MILLION ounces of gold from the developed area
Production of 360,000 tons per annum at 7.38 g/t producing after 29 months revenue amounting to an average of US$60 million per annum. The life of mine is estimated to be over 20 years.
At a discount rate of 15% per annum over a ten year period the estimated Net Present Value amounts to US$233M for the existing developed mining area (this represents circa 1% of the total mining area).
Is this old?? any body look at IDCN's website under press releases..this one is at the top of the list dated May 17th and it is on top of the previous April 21st awareness campaign one...
INDOCAN RESOURCES & MID-ATLANTIC CAPITAL COMMIT $12M TO BELLE MINES SOUTH AFRICA
PALMA DE MALLORCA, SPAIN, May 17th -- The Boards of Directors of Indocan Resources, Inc. (OTC: IDCN) and Mid-Atlantic Capital Ltd. announce that they have committed to a $12 million minimum initial capital infusion to eight mine sites in South Africa.
Bele Holdings has been granted mining rights (new mineral rights) for an area covering some 144 square kilometres in Barberton – Mpumalanga province. The mineral rights comprise 414 base metal claims situated on the farms Hooggenoeg 150 IT, Doornhoek 157 IT, Kortbegrip 168 IT, Laggenoeg 158 IT, Rozentuin 159 IT including the Von Brandis, Heather Bell, Pentland and Thistle section, Soodorst 2, IU Overberg 1, IU and Nooitgezien 3, IU in the mining district of Barberton.
These claims cover the area of the Old Thistle, Heather Bell, Golden Snake, Von Brandis, Queen of Sheba and Pentland mines. The property lies at a mean height of 765 metres above sea level, close to the Komati River.
Bele Mines has substantial infrastructure including a number of shafts and 300 m of underground development and is the most advanced of the projects in the area. The main shaft was sunk to a depth of 50 meters and reef development has taken place on a mineralized shear zone.
Mid-Atlantic Capital advises public companies on funding activities and helps companies become public and get early stage funding. Indocan Resources is working closely with all parties related to this gold mining prospect and will have a carried interest and a slice of the NSR when completed.
Mapping and sampling carried out by previous investigators has established a total resource of 8 million tons of ore at 7.38 g/t down to a depth of 45 meters below the extensive reef development on the 50 meter level, i.e. 95 meters below the shaft collar elevation (this represents circa 1% of the total mining area).
This is equivalent to some 1.4 MILLION ounces of gold from the developed area
Production of 360,000 tons per annum at 7.38 g/t producing after 29 months revenue amounting to an average of US$60 million per annum. The life of mine is estimated to be over 20 years.
At a discount rate of 15% per annum over a ten year period the estimated Net Present Value amounts to US$233M for the existing developed mining area (this represents circa 1% of the total mining area).
I bought more this week too but not sure how I feel about it now. May just dump it at 18 like everyone else then buy back at 13. It's exactly what every one else is doing
If this goes below 12 it all may be over here. Sad to say but true
4x2 now...quick support just grew at 13 again
IDCN ..bid building and ask thinning..may be time~
watch how quick we can get back to 15~
Watch how this runs into the close...next week will be THE week..watch
Loaded IDCN one 13 left~
Buying 2mm right now..watch for it
CNEX looking good~
CNEX big hits at .0052!
CNEX...moving!~
still two days left.>>IDCN usually closes the week strong
IDCN will break .002s here soon. Float is getting locked up. Get some while you can under .002
IDCN 18s hittin now. Could be the time
IDCN major breakout coming!
IDCN...won't be long~
IDCN .0019's gonna fall soon~