A lot of talk about consolidation and it causing problems. CR’s...

A lot of talk about consolidation and it causing problems. CR’s come and go, consolidations come and go, splits, spinoffs, buy backs, all manner of transitions happen. The thing that has greatest impact on the valuation of the company is performance. IOR continue to drift due to its current position and past performance culminating in an underlying low belief that IOR can complete Phase 3 on time, upgrade and get phase 2 running in the meantime and then sell firstly phase 2 product and then phase 3 product.
I predicted lower SP, but I still hold, It could and likely will drift lower, but I still hold.
Why? I have a very long view on IOR and willing to wait it out to see if they can capitalise on the opportunity that they have to be amongst the Indian iron demand segment.
It is still a risk I am willing to take. I did sell half my holding pre consolidation but it was not because of consolidation but because of the further delay to production and cash flow and I have put it towards other opportunities that may come to pass sooner.

I wait and watch to see what can be achieved over the next 6 months or so. Don’t hold your breath if you are wanting a short term SP rise. IMO even good project news will not revive things to any degree. I am waiting for re start of production, sales/cash and I don’t think I am alone. Maybe then we will see the rise we are all wanting to see.