IDG indago resources ltd
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removal of director, page-9

  1. sloanrunner
    903 Posts.
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    28/10/10
    01:49
    Post #: 7395836
    Based on the data in the AGM notice, and by my calculations IDG have,

    $43M Cash
    $15M Convertible note
    $10.6M BDR shares

    Total = $68.6M

    Shares =81,659,448

    NTA = 84c/share

    We are now CASH BACKED for 53c/share. ($43M/$81.3M)
    Why wouldn't they continue to buy back at 50c, I would support this.

    If you can last the distance I think we will be rewarded

    Happy to hear others views
    IDG Price at posting: $5.00 Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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