Hi Selfsell,
Thank you for that last post
I remembered reading that article and does that bring back memories
I still remember vividly that towards New Year time of late 2006 Tony Sage in front of myself and several other of my friends were saying that IGC should be valued at $US60 (per ounce) and there is 100 million ounce, and 15% is $US900million. May I stress out that this was in $US dollars.
At this time even the "horse" claims that IGC has a much bigger upside than CFE. Also claims that IGC had the asset which could make it the next $billion company.
Now he still brags to shareholders that $60 million is a good deal given conditions and blah blah blah...
I myself speak to Nkwe daily and ask them the questions. If I get one inconsistent response then I would immediately ask them to clarify their position and statement.
The truth I feel here is that IGC management is doing nothing for the shareholders.
The rumour in Perth is that once the so called financing for the "unlisted options" are done....then ll other shareholders wil see their money.
Good Luck to all of us who holds IGC.
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