IRL 0.00% 0.2¢ india resources limited

mon loan, page-37

  1. 329 Posts.
    Like everything MK is involved with IRL is no where near transperant enough.

    How are you supposed to value a company without knowing figures?

    What are thier costs?
    What are they recieving price wise?
    Whats the deal with HCL?
    What is their EPS?

    i held these briefly but sold for a 8ish% loss at 12c and boy am i glad now.

    We are no longer in a bull market where everything just goes up. Investors want some clarity, which management fails to rpovide.

    Unfortunately i can see this going the way of MON. Directors being paid a heap for doing nothing as the SP drifts ever lower and no one knows if this "producer" is even making money.

    MK is old now so he is just trying to squeeze a few last drops out of everything before the retires.

    my thoughts only...
 
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