IIR Initiates Coverage: 4.7c price target (DCF base case), page-20

I took a position at 1.5 cents a few months ago and have appreciated well-researched comments posted here. My experience is that those who have reached out to management have been provided with valuable insights into the Company’s strategy.

The fundamentals are solid (as well outlined by many here previously) and recent news seems to be swinging investor sentiment positive. Couple this with expected announcements over the coming months (i.e. HY December 20 results / GM contract / Other OEMs) will likely result in price movement.

GM’s earnings call is at 7:30am ET (tonight in Aus) and analyst consensus is that expectations will be beaten. Looking back over the chart, the last spike to 2.1c came when GM’s September call outlined a solid quarter. Could the sentiment swing and positive GM results see sell orders pulled / overhead resistance cracked?

Might be an interesting end of the week.