IGC 0.00% 33.5¢ international goldfields limited..

suspension, page-9

  1. 579 Posts.
    lightbulb Created with Sketch. 79
    Should be good either way. Even if NKP decide not to do a deal ICG still benefits from option fees
    "Under the Option Agreement, which is valid for six months (with Nkwe being able to extend
    the option for a further six months), Nkwe will be required to pay International Goldfields an
    option fee of A$100,000 and issue 2.5 million Nkwe shares to International Goldfields."

    100,000 + 350,000 (15cents*2.5million) = $450,000.

    Almost half a million for doing nothing.

    Even if deal doesn't transpire Xstrata might still make a play.
 
watchlist Created with Sketch. Add IGC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.