Let's hope that many of the positives you have both outlined stand us in good stead and that we're at/near the bottom of the cycle.
APRA has removed some of the restrictions on banks lending to investors from early January and the Banking industry may have already weathered the worst of the fallout from the Royal commission.
The risk/reward scenario may soon take an interesting twist with the proposed share consolidation this week.
What do others see it consolidating at? 10c (.001) or 20c (.002) which it is at the time of posting. A number of recent trades have also gone through at .0015 via Chi-X in the past month (which would be 15c post consolidation).
IBN Price at posting:
0.2¢ Sentiment: None Disclosure: Held
