We have the IGC AGM in another month or so. Just before this happens, the company will, "Bring out the big guns".
To this end, The last paragraph of the Chairmans address is of some note...
"Since early 2009, your board has also been reviewing a number of significant acquisition opportunities that have been presented to it, and in due course expects to finalise at least one of these transactions. Your board believes that these transactions have the ability to generate significant returns to the company and its shareholders".
I remain as cranky and dissapointed as everyone else that NKWE have failed, in a speedy and business like fashion, to raise the funds to purchase IGC tenements.
However, it is great news that "The Team" is getting on with adding value to IGC by announcing a significant acquisition.
Now, as a side note, but still relevant to IGC. At last years AGM meetings, (all three, GFE, IGC, CFE were held on the same morning), The Board were strongly questioned regarding GFE viability. It turns out the share broker fellow who made a strong stand was correct! My point is the boards of IGC / GFE will be wanting to face the masses with some good news for the future.
Thanks for Your time. PJN
IGC Price at posting:
22.0¢ Sentiment: Hold Disclosure: Held