ID has been on record at the last conference call saying there would not be a cap raising. At that same call the reason for the delay in financing was outlined, as they were awarded Atlas half way through the negotiations. They were only weeks ago awarded the petroleum lease. I wouldn't really say they share price is going nowhere, not long ago I bought another chunk at 36c which we are now near 43c. Can't say a 20 % return is going no where, in the same time WPL is basically back where it started at in early Feb. Compare 1 year returns SXY +34% WPL -3%, or 2 year +55% vs WPL 12%. Think people are jumping at shadows regarding cap raising, EIG leaving (who now has someone on the board). DYOR
SXY Price at posting:
42.8¢ Sentiment: Buy Disclosure: Held