igc options just got exercised, page-2

When ppl start exercising their 20c IGC options the deal must be close. The next few days / weeks will be interesting as the IGC options will expire on 30th of June.

Discussions regarding debt/royalty financing for the IGC 15% stake were in South Africa on Tuesday, so we might have a finalized deal there.

I guess that the exercise of the option will take place once directors get their hands on the latest drilling results of the desired Tubatse area. They'll be out in about 4-5 weeks.

Anyway, good time to get set at very cheap sp levels imho.


Good luck to us all.

Cheers