Hi yield,no problem re copying the post.I was talking to TS...

Hi yield,

no problem re copying the post.

I was talking to TS yesterday and he told me that this was the most likely outcome for IGC shareholders.
10M$ up front payment and the rest over 9 months with an interest rate attached.

Imho, I am comfortable with this because as long as the money comes in I wont mind waiting a lil bit.

I bought in two weeks ago, so the downside should be limited at these levels considering the value of the asset and the pending payment by NKP.

Total outcome will be 45c+ if there's a certain interest rate on the pending amount of money.

Anyway, comfortable to sit this out and we should see some news come up soon regarding Xstrata's commitments to NKP's project which will entail a domino-effect re upside potential for both IGC and NKP.


Cheers