I think those 1 million options converted on friday (Appendix 3B) are being sold on market...I cannot think of a reason why someone would convert their options early.
I am comfortable with holding both IGC and NKP in the long term anyway...at least 12 months
With all the rumours...read the latest NKP presentation and there are strong links that says something is on the horizon.
Then again company presentations alot of the time do miss the mark.
Amazed that on the 5th May IGC announcement says that they should reach something by 1-2 weeks
Where is the ASX to enforce the rule on continuous disclosure? ... Section 3.1?
My call and gut feeling ... more towards months (or at least 1 month).
IGC Price at posting:
0.0¢ Sentiment: ST Buy Disclosure: Held