There are a lot of good looking stories in the making out there at present (e.g., WLF, VMS), none better than IFE, granted, but in this present market punters just aren't prepared to move in big time until the riches are right before their eyes. If this were 2006-7 you could bet that the SP would now be sitting around $3-4, but sadly those days are long gone. Nevertheless your day will surely come, though perhaps not quite as quickly as your chief's timetable suggests. Past events indicate that it may take longer than a couple of months to finalise all approvals. In the meantime You'll more than likely have to suffer the frustration of a retrace back to 60c or below. I guess those who asked last week why anyone would have sold at around 70c now has an inkling of an answer. Maybe some very canny holders took advantage of the steep rise with the intention of acquiring some freebies by buying back in lower. Anyway, good luck to all in this stock. I might slip back in myself over the next few months if movements in other stocks allow.
TYX Price at posting:
64.0¢ Sentiment: LT Buy Disclosure: Not Held
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