Yeah forgetting the pipe dream of a power station, things are tight but ok. The sovereign risk is a real risk imo after losing part of our tenement at the governments direction.
In reagrds to the shortage of trucks, even if the company strikes export agreements, how are they going to transport it to port if there's a shortage of trucks?
We aren't in a position to buy them.... unsure if we could afford to lease them either.
Once the wet season is over and if the truck shortage can be addressed, this stock should lift.
I see it as very risky though.
I'm also worried that any upward movement in the share price will cause management to jump at the chance for a capital raising further diluting shareholders.....especially the poorer ones like myself who won't have the capital to partake. I'm not on a CEO or executive salary.
IEC Price at posting:
1.5¢ Sentiment: None Disclosure: Held