Mental aptitude, yeah right!!! April cash in bank was $1.4 Mil...IXR burn almost $2Mill a 1/4 ($1.4 Mil corporate, admin and $500k staff)... Also fast approaching 6 Bil SOI and consolidation must be looming within next 6-12 months imo...
IXR had no choice but to entice investment quickly by urgently raising $3M and via CN's with generous free lengthy options expiry, who do you think got those? Not most of the LT-SH's on big loses!!!! This will only last about a 1/4.... Maybe Golf you should show some mental aptitude, lol!!!!!
As I have said this companies focus last couple of years has been away from SH's and focused on themselves and the privileged few imo, just look at the cash burn to the corporates which has significantly increased, (doubled in only 2 years, whilst SP halved+) along with the business freq flyers/hotel points..... Ever considered Zoom or Teams, sigh!!!
I am not against rewarding directors, but only after they unlock growth and wealth for SH's, that's my main criticism of IXR in recent years... Must have used some mental aptitude as we have a T20 holding and mainly free carried... Unfortunately, many SH's are sitting on big losses watching the grass within IXR growing and constantly being well fertilised imo.... That's my beef along with poor CR timings and at low ball prices...!!!! Over and out, back to life!!!!
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