It took nine long days for the IGC Public Relation guy to get back to me and the reason is he is being sick for the past nine day and he just read his email when he came to his office today. What a joke! The real reason behind it is because I threaten him to take the matter to ASX and ASIC and launch a complaint. Anyway the formal reply is:
"the transaction with Nkwe would require shareholder approval"
So it is not a done deal and still need to get pass by us the shareholder!. IMO we should hold an EGM to see how many shareholder support the IGC board? tell me what do you reckon?
Ray
IGC Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held