IDO 0.00% 0.3¢ indo mines limited

strength, page-11

  1. 17,783 Posts.
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    Jackdcm...I bought a position within my Super Fund.

    And i have been trading it as well.

    I will stay in it for now, but my SMSF current position is nowhere near my original holding where i was buying all the way down to 18 cents, hence was overweight and uncomfortable with the position.

    I would not be surprised if Rockcheck doesn't increase their position or make a move to takeover IDO.

    My view as always been that current directors may be using IDO as a short term play and seek a takeover partner.

    Why do i think this? Mainly because these directors are also directors of much bigger companies and to me being in IDO would be a distraction, unless there is a worthwhile short term reward.
 
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