If IOC had said anything in March it would have been the bad news that they had no acceptable bidder.
If they continue their silence through April it means the deal will be more and more lucrative when it is announced in May. Delay is good!
You don't know; in general a delay could be for many reasons, good or bad. In the case of IOC, I believe because of the complexity of the deal that it is taking longer to finalize especially with the revelation of the sabotage caused by and the dismantling of Petromin. I'm of the opinion that we hear something by the end of April, but what do I know !
Sentiment: Strong Buy