Felt a bit nervous a few weeks ago, but those nerves have been dispelled. It's just going to take a little longer than I had initially envisaged.
As you know, I'm a strong supporter of MK, the Board and the management team that has been assembled.
However, for what it's worth, I'm not so sure that it's as simple as just consolidating a number of companies and ploughing on as if nothing ever happened.
There were foundation investors in IRL - particularly in the broking community - that supported IRL and they will want to see a return on their capital. Same goes for those that supported the second raising.
MK will be very conscious of this and he's established a strong reputation and will want to protect that. For mine, that means a SP well above A$0.20.
IMO, the stock is headed that way in any case. When it happens it may quite happen quickly.
Good luck with your other stocks. Have enjoyed your posts.
BUSH
IRL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
