IEC 0.00% 0.1¢ intra energy corporation limited

I haven't had enough time to really absorb this announcement but...

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  1. 5,753 Posts.
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    I haven't had enough time to really absorb this announcement but my initial thoughts are -
    *Production isn't sales so profitability is still a question.
    * The letter from the ministry doesn't count for much. It's not a PPA nor do I trust the government.
    * I wonder what Dangote thinks of the Chinese cutting into his market?
    * This news could just be a selling opportunity for someone. Why dump a couple of millions shares at 0.015c if this is such great news?

    Not convinced.
 
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