IGC 0.00% 33.5¢ international goldfields limited..

quarterly activity report out

  1. 44 Posts.
    “Representatives of both companies recently held positive meetings in London to further negotiations and since that time have continued these discussions.”

    Indicates that it still may happen. Still need the valuation, bit of time for negotiations, probably a few weeks off. Expect a sharpening up of the pencil for a deal around 60c? That’s a 50% reduction in what was tipped at the beginning of Aug. Add to that the 30% fall of the Aussie $ then whoever is funding this deal now only has to come up with roughly a third of the capital compared with a little while ago. What a bargain. This should keep them keen. Pity we’re on the wrong end.
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