Until we find out what they intend to spend the cash on, my fear is the sp will continue to drift, supported only by the bb.
Whilst no doubt currently undervalued, I don't know that we are making a compelling 'buy' story to new investors at this time, for a lot of reasons we have been discussing over the last few weeks.
I for one would certainly like some more clarity around future direction (ie show me the details....). Consequently, after some thought have decided to change my sentiment to LT buy.
A more conservative approach.....
Cheers, Mac
Please dyor
IOH Price at posting:
$1.53 Sentiment: LT Buy Disclosure: Held
