Hi There have been many negative posts of late! Just saying :) I...

Hi

There have been many negative posts of late! Just saying I make the suggestion that some of us may wish to take a step back from posting for a while as recent months seem to have tainted our views and opinions of IRL to the extent that all news is now considered negative and the fault of the evil directors

Consider this, we have Directors making progress in one of the worlds most challenging legal environments. The key word there is 'progress'. I'm not talking positive or negative, but steps closer to outcomes. I see people doing their best, and unlike other companies in the same environment I see a company making various forms of progress.

I'd be more upset if they simply gave up in India! All the recent stuff for which IRL has been bashed a little in this forum, as for any small cap these days, is business as usual stuff for a small cap (stability and survival). As shareholders we know this, don't we?

My take on the Annual Accounts focussed on the Chairman/Managing Directors report. I noticed there was little or no puffery to over inflate the hopes of shares holders (as you sometimes see only to later be disappointed), and that there was little or no negativity either (a bonus I guess). What I did notice however (what stood out for me) was what seemed to be an underlying confidence and resolve as to a future of the company in how the report was written overall. It was not a positive report, it was not a negative report either, but I felt that sense of resolve and confidence and for me where there's resolve and confidence at the top, there's hope!

I suggest we wait and see and put some faith on the table to trust in those in whom we count upon and show some support a fella's


Neomagnus