I occasionally look back and wish my crystal ball hadn't malfunctioned when I elected to
convert the quite sizeable no. (for me)of options (av. cost on mkt of one cent or thereabouts)
giving me an overall cost of roughly 18 cents.So still under water for some $000's
despite picking up a very modest few in range of 14 c-14.5 c.
Look at the bargains available now !
Hindsight is a wonderful thing.
Surely this longstanding impasse/deadlock in the SP must be reaching its climax !
(I guess most of IRC's longstanding holders have an av. cost of ~ 9 cents ?).
With gold holdings alone of 562,000 ozs at current going rate of ~ AUD$100 per oz
(refer my prev.posts re recent takeovers of gold juniors)
IRC's Mkt cap alone(exclud. everything in the pipeline)should be min. AUD $56m
compared to its current Mkt cap of approx. ~AUD$38m (@ 16 c)giving SP in the
20 c plus.
Can all this be attributed to the EGS share overhang ?
IRC Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
