Shadders - as they are going to issue a INR option to replace the GUJO option, money to convert doesn't really come into the picture!
I'm a little shell shocked over it, and I guess a lot are feeling the same. WE're waiting to see how the market reacts. I expected trade4profit to have bought the company by now!! Obviously not happening that fast (lol..) so we've got a Mexican stand off. GUJ is far cheaper to buy than INR - but if the INR price goes up, so dies the GUJ price - and there is our stand off!
Thought GUJ would be up at 44c at least, and then using a trailing stop or gain on the INR potential.
As none of that is happening, it's a wait for news to see what the curry munchers are doing next.....and will we need to try and block it, or will the offer increase?
Time....
GUJ
gujarat nre resources nl
Shadders - as they are going to issue a INR option to replace...
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