Yeah it's a bit disappointing to see the price here but there is a bot selling atm so we will have to wait for them to finish. There could also be some who got the 40.9c placement wanting to take the 20% gain too, volume is light so no major selling down.
Why would you when management are doing such a great job with this company. I remembered this from the Letter to Shareholder about the SPP:
"Also the additional equity raised under the SPP will be used to support the growth of Industrea's product sales into China such as the recently announced exclusive agency in China to distribute the Marathon Tyre run flat insert being used in the Industrea Mining Equipment 70 tonne and 80 tonner roof support carriers"
Now they hit us up with the filter system news today and stay very true to their word of growth in product sales to China. These guys are setting up something here that is going to be very large and very lucrative to the shareholder.
It will be interesting to hear how they go here too:
"Mr Levison said Industrea was committed to the Chinese market, with its attendance at the upcoming China Coal and Mining Expo 2009 in Beijing expected to generate further sales leads and product orders"
Much much more to come from a company that is probably now sitting at 25 - 30% under fair value, that's not taking into account any growth premium or recurring product sales so I would say that 40 - 50% upside should be just around the corner. One more big contract blows all that sky high:)
- Forums
- ASX - By Stock
- IDL
- get out of the way of the train!!!
get out of the way of the train!!!, page-8
Featured News
Add IDL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online