IDG indago resources ltd

the only way is up, page-18

  1. 5,802 Posts.
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    Where did the figure of 6 million dollars come from? A lot of the shares they got were in exchange for their own worthless scrip. Why do they want a "partial takeover" of 10%? What is the purpose of that or the reasoning behind it?

    They currently have very little cash in hand, they've signalled their intention to sell down their holdings in IDG or do a capital raising (diluting the shares even more), and they've declared that they are looking at the options as to what they can do with the gold prospects.

    I really have no idea as to exactly HOW they are going to make a lot of money out of this exercise, but they know something that the rest of us don't know, that's for sure.

    The whole thing is on the nose, IMHO.

 
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