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I say things on Twitter

9/29/17

Inca One (IO.v): BS spiel vs reality

BS spiel: "buy ore from locals, guaranteed margin, process and sell, virtually guaranteed profits".

Reality:


But there is one thing Inca One (IO.v) is good at creating:

A lot of paper. And they've added another 9.1m shares to the pile since the end of the July quarter (out this afternoon on SEDAR). And over $200k a month in G&A, are these guys serious? IO.v is just another example of the pathetic jokes that Canada passes off as decent mining companies. 

And yes, this is the same company that Daniel Ameduri pumped last year.