TSXV:IDI.H - Post by User
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1GOLDFINGERon Jul 20, 2016 11:56pm
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Post# 25071014
Indico To Have Sufficient Cash To Deploy To Another Project
Indico To Have Sufficient Cash To Deploy To Another Project What will happen to Indico if the Transaction is completed?
A: The Transaction is expected to provide the Company with the necessary capital to restructure its operations and leave a cash reserve to deploy to another project/transaction. In light of low commodity prices and extremely difficult capital markets for junior miners, Indico is also expected to review its strategic opportunities to continue exploration activities.
Looks as if there will be another transaction if the sale to Aruntani is approved by shareholders. Very interested to see what they snap up. IDI shareholders deserve something good.