looking forward, page-3

Take over talk relates to X

X origionally wanted the Mt Kare Project and signed an MOU.

Indochine to hold 50%, X 50%.

Then, in Sept/Oct 2010 X tried to play silly buggers and renegotiate the agreement, Indochine ended up holding the entire project.

Apparently, the management of X are a bit bitter and twisted about the outcome but they only have themselves to blame for failing to honor the agreement.

I strongly belive that current market manipulation of IDC shares is coming from the Board at X who see Mt Kare as fitting within their profile, having egard to MA's happening right now.

There has been a consistant down selling of IDC shares at the end of each day or week over the last year which can not be attributable to logerithmic sales nor profit taking from day traders.

How to you profit take by selling your shares for less than you paid for them?

X have just under **% of IDC's shares.

If there is a TO bid it will have to come before September because I strongly feel that IDC are ready for a re-rate of anything up to 300% in Q3/4.

Put it this way, but for the market manipulation, IDC's shares should be around 30 cents right now.

Apparently there is a lot of very strong data coming on stream out of the assay work being done on the drilled core over the next few weeks which should provide a strong upward driver on the share value.

Completion of the PFS/FS will push up all the way to about May/June 2013.

Hence my view of what the true EP of IDC might be later this year re TO.

I No nothing
dyor