I welcome the question e350. I like the prospects of the company, it makes good money and provides share holders with returns through dividends, however the removal of the previous managing director who started the iron ridge mine is not lauded. Without the timely manner in which he started that mine during the COVID IO price surge, we would not be in the position we're in. Don't get me wrong, I'm pro growth but when you buy assets, you need to use them to their greatest potential. I'm eluding to the rail sidings, they are often mentioned but they are not being utilised. Perhaps they purchased these assets with only shine & port in mind. If so then now would be the best time to get them into production. The scorpion tenements are also sitting there. Surely there is documentation (ie drilling, geological mapping, geophysics) which could be analysed via a desktop contract. If not then sell them off to someone. The SP is purely driven by the IO price at the moment and I would like it to reflect the growth potential of the plan but the market doesn't seem to value that at the moment.
AIMO
FEX Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
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