I reckon it'll be more than 40, probably around a midpoint of 43-44 cents. Why?
1. This a long term buy for NKP. They will have to account for the increase in Platinum later on. Platinum prices are recovering just wait. 2. TS won't sell for such a low price, he knows its worth a lot and he's willing to wait out negotiations longer if he has to. 3. The price of IGC is around 26, a big low, an increase of more than 14 cents isn't hard to see.
Also does anybody know why its still at 26 cents? If I had more money I so buy IGC knowing it will sell at 35 cents minimum
IGC Price at posting:
25.5¢ Sentiment: Buy Disclosure: Not Held