Called Sage again to question him on what is happening on IGC
He said the independent valuation is expected within the next week or so (last time he ssaid 2 weeks for a resource upgrae it turned out to be 2 months). Price is unclear at the moment he said(I think he is hiding something)
Asked him whether the deal may be off because Platinum price has collapsed. He said that they used a longer term price and that NKP was still interested in the deal.
I asked him in the valuation are there going to be multiple figures depending on different platinum prices...he said that may be the case.
In summary he said that things are still ok for October as the announcement said.
Maybe others should call him as well to see what he says.
His mobile is 0419 905 908
He is quite friendly on the phone (but always the ever optimist which I find hard to believe his words 100%)
called sage again
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