Hi robmm, Buying into IRL you'll need to patient, I note you say "I will be with you guys for a while." Most IRL shareholders have waited a long time, but the end is in sight.
2013 will be our year.
I'm betting that most of the selling on Thursday came from Chimaera EMN, as a fund manager they only have limited patience. They have also lost a lot of money. At one stage they owned 58,690,848 shares, most cost 2 cents/share and from their last notice of change of interests of substantial holder they now hold 43,527,114 shares. Most of these shares sold were at .004 so they lost 80% of their money. I'd expect to see a Form 604 shortly. So buyers on Thursday will take advantage of their loss as Chimaera EMN were not prepared to wait. It is worth noting that Alexandra Resources paid about $2.4 million for their 104 million shares. Alexandra Resources are a few Chinese investors who are prepared to wait however long it takes.
Read the Annual Report and it will give you a good introduction to all the projects, only a couple need to come to fruition to pay off.
IRL Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held
