A "Probability"?? Why would you think that a stock that has never closed lower than 0.3 for the last 3 years is going to lose 30% of its value and close at an all time low? Yes, some people are really dumb, but IRL holders have, and need to have patience. A mindless sell off to crystallise tax losses would be very damaging to the company in their efforts to raise money to fund drilling at Aravalli; as well as being a dodgy effort to avoid paying tax, which the ATO should be aware of. I've held this stock for quite a few years now and this sort of damaging "day-trading" is very frustrating (as is doing business in India).
Hold on - zinc is going to take off later rather than sooner and Aravalli is actually one of the biggest undeveloped zinc deposits in the world. HZL are trying to get their hands on it; wouldn't they love it if IRL fell over because it lost its last loyal and patient investors in Australia.
IRL Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
