So, IGC went to mid 50's twice on ambiguous timing of the takeover negotiations ..... therefore what chance do people think IGC shareprice has of being at least 30-40% higher than current prices within a month now we have a declared timeframe ?
Also, we all know some people are speculating that the price negotiated will be over a dollar, but instead lets call it a conservative 60 cents (the very low end of assumptions)..... that is 54% above yesterdays close . Not bad, and I reckon that will be hard to match in this market over the next 4-5 weeks .....
IGC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held