Herd On The Terrace Editorial International Goldfields Limited - ASX Code: IGC Tony Sage, Managing Director of IGC, has been spotted in London wandering the financial streets after IGC was issued a speeding ticket last week. Probably not a good idea to sell any until the next announcement which must be soon as Sage already sold another job, that being Cape Lambert - ASX Code: CFE for $400,000,000!!
IGC recently flogged Anglo Gold in the Law Courts and one could be forgiven for believing after such a bid for the company or at least some joint venture arrangements. One must also remember that up until 3 weeks ago the daily turnover of shares in this company was next to nothing! The Platinum price is high but still expected to go much higher and there is also a worldwide shortage of the metal.
The IGC and Anglo Gold tenements about each other, so the shark will want to swallow the minnows. The Ear has heard that 60c - 90c may be a fair price so as I said before they are at least a very good hold.
DO NOT SELL!!
More on the way!
--H.O.T.T Editor
IGC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
