Unless you are in a rapidly changing gold/platinum price market.
Sort of hard to stick to a $60M purchase price if gold/platinum have both just gone up a few hundred dollars over 6 months which is exactly what is about to happen given the cemetary look about the $US.
We know the value isn't going down only up.
If you are the buyer and you haven't delivered at the price by the due date or the extended due dates, do you risk having to pay a higher price if the underlying metal price moves upwards significantly?
IGC does have other options, it could just decide to keep it and wait for its share of the future free cash flow to roll in.
Nope, they will settle as soon as they can.
IGC Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
