Price moved up to 50c that may indicate slight impatience in this buyback situation. About 10 million shares to go yet and at this pace it should be completed by March 31st 2013. Though IDG moved back to 50c bid as they're having to grab at any higher offer made. No point raising the bid by much if there's little stock out there that anyone wants to sell.
At the moment Indago Resources isn't a mining company it's a loan enterprise and buyback merchants limited.
Yes, Indago haven't lost the plot at all. They're just sidelining it.
IDG Price at posting:
$5.00 Sentiment: None Disclosure: Held
