Its a weird offer...Igc offered themselves at 60m, so it hasn't been formally accepted and this share has a history of a long wait for this deal being done. Its a long way from being over the line. Wait for a significant jump in share price, when loose lips will see this sucker signed. I'm sure others will tell you that management are called 2 weeks____ and are full of hot air. Others will tell you its a done deal just waiting on the oppies holders to get their money together.
Either way, this share is not for the faint of heart, due to the dodgyness of it.
Still waiting for the two weeks to come up and if you are looking for quick money, this is not the share to buy.
Cheers.
IGC Price at posting:
19.5¢ Sentiment: None Disclosure: Held