well, i'm out

Well holders.

As of today I am out. I have given it much thought over the weekend and come to the following conclusion.

The reason why I got into IGC in the first place was for the takeover and the offer of being paid out from the sale of their 15%.

I no longer feel comfortable holding in an oil speculative company such as this.

This company was one of the very rare ones that actually lost long term shareholders money as a result of a takeover/buyout.

I feel my money could be better utilised elsewhere.

This company was a waste of a year of my money. However I did actually average down several times and have come out of this with a minimal profit.

The company has now sold 30% of their prospect for 10 million and expect to get 50 million for the rest.

Good luck to all that continue to hold. I will not look back and regret my decision (just like I don't regret selling CFE).

Sorry to do this to ya Ray, would have loved to have gone to the EGM/AGM to see what eventuates. But life goes on. Time to make some money.

Cheers all.

O.P