I have been going over a few things and would like to air them for others points of view or discussion.
1) Our debt is secured till 2013, plus interest rates are down. 2) we have no risk in the USA. 3) The acquisition of the AJ Lukas business is going along well and cash flow positive. Also sits well with our core Businesses. 4) China's making new policies constantly re safety in coal mines 5) Coal mines are not going to go away any time soon. 6) China's and India will continue to grow and need resources, Coal etc. 7) we are building Factories to enable manufacturing in China, Cost savings both via wages and shipment. 8)Australia's mining is getting stronger all the time,Demand for our products continues to grow. 9) We are gaining new contracts all the time,But this year IDL has decided not to post all of these as they felt it was unnecessary. 10) We have not lost any existing customers and indeed have had new orders placed by existing customers.
Now can some one enlighten me as to why the SP is going south???
IDL Price at posting:
$1.12 Sentiment: LT Buy Disclosure: Held