IFFCO filed today that they bought 239,100 more shares at 60 cents on June 3-4.

Once IFFCO can't buy stock at 60 cents, they probably will up their bid again.(Just like they did when they bought everything at 50 cents and then the stock dried up. Then they moved it to 60 cents.) VERY smart way to accumulate stock.Slow and steady, shaking out the weak with every move up. But for now, it doesn't seem like they are having any trouble buying at 60 cents.So we all wait.

As PK stated, share volume remains strong, but most of the volume is large blocks of 50,000 shares, probably a fund with a couple of million shares that they need to liquidate. They obviously know that IFFCO is sitting at 60 cents. When we get closer to shipping rock, you can count on the Gutnick's spreading the word on the IR front. Although spending 20 mil on NAD is a lot of money, Joe G. is still looking for the diamonds that he should have found years ago.I read last week that the board of NAD advised shareholders NOT to sell their stock at the price offered, which probably means Joe G. has got a good feeling about what they have.