There has been alot of rumours for this one in the past 6 weeks. It started from the West Australia, Herd on the Terrace and among many Hot Copper people
Seems that there is delay after delay after delay of a "takeover".
I think that this is just hype and a ramp.
In the last announcement the company did say that they are in talks in regards to a corporate transaction but seems that there is nothing final so far. I think the last few days fall in share price is an indication.
However I do think IGC is a very good stock long term. If they get 25Moz grading around 9g/t PGE then I see this stock as a very good long term story.
I am not downramping so don't accuse me of this...this is just my opinion. I got 100,000 shares at 44cents and I intend to hold for minimum for 12 months. My long term target is $1+ basing on fundamentals.
I just think that people should be thinking long term rather than just this "takeover" quick buck
IGC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
