From my last post in regards to talks with Tony Sage I feel that there is a transaction happening but then again you cannot believe 100% of his words
The news announcement states that the Grant Thornton independent valuation should arrive back on the 1st or 2nd week of October.
I guess some of the selling down has been on relatively lower volume...then again there are no buyers confident to touch it.
Watching IGC especially in the past 2 weeka have been very painful.
Maybe Tony Sage should buy like 500,000 shares on market...I am sure this would pump some confidence back into the stock.
I look at the overall market for small to mid cap stocks and see the same pattern. Everything is being butchered. In my earlier posts I stated that $1 could be nice but honestly will take anything over 70cents. In fact maybe just getting out unscratched and holding cash in this market may also be a good outcome.
I think by end of October we would know all.
Good luck to us all is all I can say
Fingers, legs, arms....everything else crossed
IGC Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held