I do not hold IOP directly and my only interest is whether the holding that RRS/RRL now have has any value at all. If not the "friendship" between Mr. Landau and Mr. Timis has cost RRS/RRL shareholders a cool $(A)7.5million by way of, according to IOP, an unsecured loan.
The amount of information available on IOP is small, often out of date and occasionally contradictory. Those behind or directing, IOP do not, for me at least, inspire confidence in their business acumen (to put it politely).
The only other comment I have received is that IOP is "most unlikely" to re-list this year and that, if it does, the sp will be less than 1 cent based on the information currently available. Usually reliable source but no substantiation, just well informed opinion.
Guess we will have to wait and see.
IOP Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held
