co should disclose, page-4

tiger,

let's run a few numbers on this Opes thing:

Opes had a possible 17M IGR shares, <5% of issued capital.

There have been 10 days of Opes selling. Daily volume on IGR has been ~900k, we can assume at minimum 50% of the selling is due to the Opes prime fiasco. Hence, 4.5M share of IGR have been sold by the controlling brokers (Goldman?).

Let's also assume that at worst they have a further 12.5M to sell, if they keep selling in an orderly manner (from the above assumption) than we can expect a further 27.6 days of selling.

27.6 days is probably the worst case scenario. It would be prudent to run a scenario of probabilities (i.e 75%, 65% selling, volume increase, possibility of an individual large cross) and then use a bell curve. Realistically, a 70% assumption would most likely be the zero mean (its been seven years since I did probability analysis, and I am more than likely full of it) this would equal 19.3 days.

So, my assumption is anywhere from 4-6 weeks.

BUT this does not include a larger buyer involved in some sort of special cross. You would think that there are a few parties/brokers out there behind in the know trying to figure this out and get many cheap IGR across.

Obviously I have a lot of time on my hands atm.

Regards
LSM

Assumed selling would be betwen