Ann: Industrea announces share purchase plan , page-9

This is another great story.

History tells us that IDL buy at a private PE of 3 or there abouts, so if they apply a full $20 million to growth that will earn another $7 to the bottom line with out borrowing funds, they already have a non drawn down facility of $75 Odd million to tap into.

This is great news for existing holders, yes you could sell down most of your holding and buy more at .42c, but my thought is you will get caught out. I see a large scaling back so you sold at lets say .43 - .47 depending on where the market values over the next few weeks, then any growth in the shares you sold out to pick up a discount has been a lost op and you have a scaled package of shares so you're worse off. My thoughts initally is to hold what i have which has been a stunning return, buy more that i feel happy with and just ride this puppy home.

Great re div reinvestment if you don't rely on the cash and like how it's at a small discount..

I did consider selling post profit ann at near on .50c but i will ride this till at least .70c now which i beleive will be acheived through more purchases of firms that they can intergrate.

Good luck DYOR.

Just my view