If it is just 60cents I think its a disgrace. The share price ran to 57.5cents twice already and the asset is huge
I think Tony Sage did say that 80cents to $1 in a newspaper clipping about 2-3 weeks ago if I am not wrong... or was it as article on "Herd on the Terrace"
I think minimum would be 90cents. I think $1 is a fair price.
I hope its a cash takeover ... but then I am worried hoe is NKP going to raise money in this environment to do a cash takeover.
If its SCRIP then a 90cents will only trade 70cents maximum.
If its an asset sale at 90cents equivalent then the share price will be at 50cents (just look at CFE)
I am praying upon a star for $1.20 cash hehehe...wishful thinking ....but let me have a moment where I can imagine
Good Luck to everyone
IGC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held