Could see this dropping quite low on the back of a cap raising, maybe even 10/15% BENEATH the raise value. As there will be a lot of pissed off holders (and rightly so in my honest opinion)
If so would be a GREAT buy opportunity as the underlying business is still sound.
IMO an odd business decision, the announcement and subsequent reasoning will make for an interesting read.
The SP's response to this will make an interesting spectacle.
IGR Price at posting:
52.5¢ Sentiment: None Disclosure: Not Held