I didn't think to do the calculations myself as I figured he should know what he is talking about.
As there will be payment for what's currently in the bank at the moment, maybe that accounts for the difference you are getting as NKP has to pay for the cash at bank as well.
Maybe, Sagey is also aware of some options that wont be exercised for some reason but who knows.
Not sure what they do about the shares that IGC now holds in NKP? No mention if they get anything for those. They probable would flog those on the market at the appropiate time (when NKP has also streaked North) and that would form cash at bank that NKP then has to pay for in the takeover.
39 or 40, I wont be whining to him about it I can tell you.
I'll be a pig in shite.
IGC Price at posting:
22.5¢ Sentiment: Buy Disclosure: Held
