Peppie, Appreciate the continual flow of information and analysis you have been supplying, it was a factor in my buying in on IDM. My strong feeling looking at the numbers of recent times is that IDM is currently sitting in investor no mans land. I am not saying this in a negative sense, as this perfectly suits my strategy. What I am suggesting is that we are seeing the sell out of the spec traders who jumped on early on the back of the first results. They are seeing a plateauing of the SP and are happy to take their money off the table and look for the next rocket. The next set of investors have yet to find IDM, the value investors, looking for strong fundamentals and in particular some revenue history and growth forecasts on a large resource. I am happy to have beaten most of the value investors, who I believe will push the SP over the 1$ in the next 9-12mths as the first few qtrs of results come in. We are likely to see the company climb the ASX rankings also drawing the attention of the instos. Climb on board friends, I don't see this as a rocket (up and possibly then down), but a solid little earner that will create genuine value for shareholders.
IDM Price at posting:
21.9¢ Sentiment: Hold Disclosure: Held