we only really need to get one of these things wrong, to make a bad business decision. unfortunately, in recent times, many people (me included) got BOTH wrong i.e buy 'boom' and sell 'bust'.
The Mt Carbine Quarrying business has got both right.
Rio Tinto got both wrong.
III has got it half right and half wrong. I agree they are very vulnerable. Perhaps they should merge with mlx and become the exploration arm?
III has pre-emptive rights on the whole gig, and in my view this move is the keystone to the value of the asset.
I watch and wait with great interest...Can III get the timing right?
They've suffered right from the float, bet they wish they stayed private. Can't raise REAL cash from the public ATM. But there are believers...i.e 61%.
who said they'd love to be a fly on the wall?
III Price at posting:
7.0¢ Sentiment: LT Buy Disclosure: Held
