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IDG, INDAGO RESOURCES LTD
pepsi
post Posted: Jan 4 2010, 01:25 PM
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In Reply To: NightStalker's post @ Jan 4 2010, 10:54 AM

Stalker, what do you think about the assets being sold to LUM. What does it mean to LUM?
Thanks

 
NightStalker
post Posted: Jan 4 2010, 10:54 AM
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IDG is now dead. It is a shell company, listed with the ASX, that will be used for more corporate shananigans, just like they did using GLI (later to become Blue Capital) when they started this ridiculous partial takeover of IDG.

All the assets have been stripped and gone, and all that is left is a shell for "investment purposes".

Meanwhile, current shareholders are left with no value at all, and the new board couldn't care less.

Some people, including me, posted on a couple of forums that caution was needed when it all started, and that the old board should have been kept. And were roundly criticized for posting, such was the negative sentiment towards the old board.

I really do not take any pleasure out of saying "told you so", and those that did hang onto their shares in the mistaken belief that this new mob were going to make the shares go up like the SFR shares, have my sincere sympathy.

But IDG is dead, and the value of current shares would seem to be zero, with the company being suspended.



--------------------
Regards, NightStalker

Algorithmic trading, and HFT are rendering Technical Analysis null and void.
 
pepsi
post Posted: Jan 4 2010, 09:30 AM
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In Reply To: pepsi's post @ Dec 17 2009, 11:36 AM

selling assets to LUM might be a bit of concern

 
pepsi
post Posted: Dec 17 2009, 11:36 AM
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In Reply To: noosaman's post @ Dec 17 2009, 09:17 AM

i reckon 29 is a bargain entry,
Kilimani demonstrated significant near-surface mineralization so this one is going to be the winner
rolleyes.gif

 
noosaman
post Posted: Dec 17 2009, 09:17 AM
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In Reply To: Tinkerbell's post @ Nov 20 2009, 09:00 AM

Following the float yesterday surely IDG is a bargain @ 29c

From The Ferret today -

INDAGO RESOURCES (ASX:IDG) yesterday celebrated a successful
listing by its spin-off TUSKER GOLD (ASX:TKA) when the new 20c shares
peaked at 40c and closed at 37c.
It was a 170 per cent profit on day one.
However, Indago itself remained at 27c, which gives it a market
value of $28 million.
That's despite it holding 67.5 per cent of Tusker, a stake now
worth $25 million.
Indago also has more than $15.5 million cash after selling its
uranium and nickel assets and will receive a further $3 million in cash
and shares.
It has also retained its Georgetown base metals project in
Queensland.
The Tusker shareholding and the cash are worth about 43c an
Indago share.

 
Tinkerbell
post Posted: Nov 20 2009, 09:00 AM
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Anyone rushing to buy into the Tusker IPO? devilsmiley.gif

 

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pepsi
post Posted: Nov 16 2009, 09:35 AM
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In Reply To: pepsi's post @ Nov 12 2009, 09:12 AM

biggrin.gif

 
pepsi
post Posted: Nov 12 2009, 09:12 AM
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In Reply To: stoffell's post @ Aug 25 2009, 09:12 PM

looking really good rolleyes.gif

 
stoffell
post Posted: Aug 25 2009, 09:12 PM
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In Reply To: defor's post @ Aug 24 2009, 08:28 PM

Go to the asx website , type IDG in search box, when site comes up scroll down to company announcements. Noticed another one there today. The guy from Goldlink + one other are the new directors. This makes it more confusing for me seeing that they dont want the 10%anymore. It would seem i have a lot to learn regarding these matters


Said 'Thanks' for this post: defor  
 
defor
post Posted: Aug 24 2009, 08:28 PM
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In Reply To: stoffell's post @ Aug 24 2009, 07:16 PM

stoffell

Where do i find the postings on asx website?

Cheers

defor




--------------------
"The less you do - the less you want to do"
"The more you do - the more you want to do"
 
 


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