If you read NKP's last ann - there is no talk of a corporate update. The one before, however, there is a reference. I suspect that NKP is out of the race as it will have it's own funding issues.
Who does this leave. Anglo is the obvious one as their tenements surround NKP's and IGC. It would be the obvious best fit with NKP's need for a strategic partner. The only problem is, Xstrate now has a whiff of the corporate action going on and has recently purchased NKP's sale of Dewildt for $12M USD. So i think that Anglo and Xtrata are positioning themselves for a move.
I would think that anything under $1 is a bargain buy to the predator - i've mentioned here before what i think a conservative value for IGC would be based on P2 reserves coming through.
Good luck to those who own
Discl 150K
IGC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
