The one thing that stopped me picking up a truckload earlier this year was the fact that management and BOD hold barely any shares.
Always a red flag.
What other interests do they have here in Indika or this deal? Increased capital costs and funding challenges are not a reason to sell this. Especially when they haven't even revised the DFS yet.
Indika already has a large vested interest is making this work. NUS will be worth 60-90cps once it gets to construction. This is cynical at best.
NUS Price at posting:
34.0¢ Sentiment: None Disclosure: Held
