IMHO dont follow this as true information- The level of buyers in the last 2 days is getting quite large. After watching this stock closely for the last month, when buyers have been stacking up we have seen large price movements followed by announcements.
So there are two possibilities:
The deal has been settled at a higher price, and information has been leaked to certain shareholders. Thus causing an immediate increase in buy orders.
OR
Speculation that the current price of 24c is ridiculously stupid, and investors are just speculationg that the deal may go through for a price of 35c and be happy.
Very interesting how things have been going.
IGC Price at posting:
23.0¢ Sentiment: None Disclosure: Not Held
