Is the deal on? No one has been told otherwise but its looking more shaky. I would prefer the cash now but I think igc will be worth a lot more down the track. They will get taken out, its just a matter of when, pay less now or pay more later.
A comment was made about no free lunches in these markets but these are unusual times & lacking sense. Reflecting back to where igc was trading mostly in the forties before the last trading holt & then during the halt the West Australian reported that would be north of a dollar & a figure of $1.20 was suggested. Thing are not so rosy now & & were expecting north of 60c prob 70ish which is not out of the qestion even with where our share price is trading now. The other consideration is who is financing it, at least it will be cheaper for them to do so both with the deal price coming down & the fall of the Aussie $. Just the share price of nkp concerns me.
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