IRL 0.00% 0.0¢ india resources limited

I have stayed positive and this is the worst scrip on my...

  1. 48 Posts.
    I have stayed positive and this is the worst scrip on my portfolio. First bought at 40 cents (not an error) when MK was the Chair. It came down and I lost 50% to get out. Lessons were not learnt. The MD enjoys a massive salary , bonus (I am not complaining so long the share holders see their return) while the work and production are in India. Legal cases.
    Insult to injury the company hired an Indian cricketer to do the marketing who is too busy on his cricket.
    As far as I am concerned my second investment (a joke now) has dived down to 90% of the invested sum. I got stuck always positive but lost the crystal ball.
    Sorry folks - I do not see any light on IRL
    By the way what is the truth that Vedanta is eyeing on IRL ? They have great issues in Qld Coal but there was no suggestion about their intention on Aravali or IRL . Would appreciate to get connecting references on this rumour and hope the thread is not posted by interested brokers .
    Last edited by Miner2000: 04/06/15
 
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