I tend to agree, the cancellation of 214 coal mining licences is actually good to see as they were awarded in a most unusual fashion and now deemed illegal. IF things are done the RIGHT way from now on then IRL does stand a good chance, but are our Directors up to the challenge that is the question.
Past performance has been woeful so we may be hoping for a lot to see a turnaround.
Good see that Prism Cement has also lost their Sial Ghogri coal mine which began production in March 2014, you could say it serves them right for not paying IRL.
Surely IRLs luck has to turn eventually, although I think Arvind's salary of AUD$641,000 should be brought in line with accomplishments. Currently I consider it outrageous when lined up with performance.
IRL Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
