i have been in ird for a long time now and have been a fan of the way management have gone about proving up what could be a very very large resource. however, over the past 12 months, i have started to doubt management's intentions as nothing (at least in my eyes) is being done to benefit shareholders.
i question whether management have been promoting the company well enough, i question why they didn't raise more cash at 55c only a few months ago (instead leaving us in a position where we need another cap raising within a few months), i question why they haven't looked to farm-out part of the ceip project to slow the cash burn .... at the current rate, the share price will be <20c very soon and i definitely won't be holding.
m87
IRD Price at posting:
37.0¢ Sentiment: None Disclosure: Held
