i am a big fan of ird and their prospects, however i am concerned that management seem to be content to just let the price keep dropping, raise more capital at a lower price, price drops more again, raise capital at a lower price again ...
with the CEIP project's NPV being at least $2bn (and growing) and the board's significant experience (jerry ellis - ex bhp etc), there should be potential JV partners knocking the door down with good offers, which would hopefully cause a re-rating in the sp and show the true value of ird.
i am a long term shareholder and big supporter of ird ..... but i can't sit and watch the price keep dropping forever.
m87
IRD Price at posting:
38.0¢ Sentiment: Buy Disclosure: Held
