Franciss, always better to sell only half your position if you are uncertain as these sort of deals, if signed, can result in massive upside. Announcement is expected to be earlier than February 2010 based on what has been released in ASX announcements so far. At a guess it will be next week as management has not be talking to Australian shareholders for the past few days and is unlikely to be talking to us for the next few days. Read what you may from that.
Fortunately or unfortunately Indus are nearly finished selling based on selling so far. Hope that helps you.
AXO Price at posting:
41.0¢ Sentiment: None Disclosure: Held
