Just a lack of buyer interest folks, and holders have been talking here about the opportunity cost they perceive is involved in holding IRC at present.
Heaps of cash in the bank but we need to know when and where we are going mining next, anyone know what the story is with that RM claim(?), will we get EGS results from Menzies soon, or will it be another scenario like the EVN one (a fizzer)(?).....
C'mon JP....flash investor presentations will achieve nothing in this market. Aspiring Gold co's are a dime a dozen and are currently being marked very hard. If people are given a reason to doubt the story they will waste no time in heading for the exits. JP talked about having no qualms about IRC being taken over....pretty shabby if IRC get taken over at a rock bottom price due to losing its shine.
I reckon we could pull finger on drilling and go hit those IP targets at Blister Dam as well. The money for this drilling campaign has been talked up ad nauseam, and is in the budget. Lets go spend it and stop the pussy-footing. Piece-meal results from Jacques / Teal are meeting market expectations; people are looking for some significant upside, some wow factor. That will achieve much more that 'Investor Presentations' which rehash previously released info and aren't really worth a tin of sheet.
IRC Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
