re: Ann: Institutional Placement Investor Pre...
PIO There is an argument that with less shares on issue and a higher share price some of the bigger fund managers become buyers,but I have watched this carefully over many years and certainly 90% of the time the share price consolidates down initially.
The opposite happens with a share split.
Yes looks like IDL might be ready for Longwall. At lease they are not coming to all investors to stump up, happy for the insto's to put this up which will be confirmed overnight, failing any purchases 50 mill of debt will come off down to 130 mill.
DYOR
IDL Price at posting:
$1.32 Sentiment: Buy Disclosure: Held
