I think in simple terms as well in answer to that question, that the market is pretty pleased with the steps being taken by management to improve gearing levels overall.
There were certainly similar questions being made of GMG when they hit a low of 14c and traded back to the 40c mark within a week or so, and yes I'm aware the two cant be compared directly.
Sometimes the market just needs to know that things are getting back on track, it won't be back at $1.30 anytime soon, but I think it should see a decent small recovery now in the short term
IIF Price at posting:
16.7¢ Sentiment: Buy Disclosure: Held