ibg in the news, page-17

Dynamo on the topic of the $50m, rest assured they are doing everything they can to find a fantastic opportunity for shareholders. they are as aware as anyone of the quantity and quality of opportunities out there. Given the time frame I would suggest that have had a couple lined up and for what ever reason fallen over. there is a huge amount of due diligence to go into firstly identifying, and then secondly negotiating a $50m purchase. You would expect nothing less if you were either Glencore or a shareholder of IBG. the management are very conscious of the gravity of the opportunity that they have with the $50m - and want the very best outcome. Not just any old opportunity.
Not like going to Woolies and buying a loaf of bread!! Especially if want it to be any good!!