IMD Companies Inc (ICBU)

[bigballer_sa4]

Some of your DD seems off. Yes it is true there is reference to a company called KRSNA Exporters where the owners is tied to both KRSNA Exporters and KRSNA Mining, but that doesn't mean they are the same entity. ICBU has always described the company they purchased as a mining company. If noticed in the most recent article it stated "The company has expanded work on two of its claims to meet demands for this contract with China for Manganese, Iron Ore and Chrome Powder." If you go back to this article, https://finance.yahoo.com/news/imd-companies-inc-icbu-subsidiary-130000824.html. It again states expanding work on its existing claims.

Even without the additional order they were probably going to get an extension of the contract. The original contract was for 100k tons of mag chrome poweder and they only mined 10k in 3 months so far so of course it looks like they need more time to mine. The great thing about a longer contract it's likely then can continue to get increased orders during that time.