IR1 7.69% 24.0¢ iris metals limited

Great Results but the share price drops, page-16

  1. 521 Posts.
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    I would have to say a trading halt especially over the weekend for a core visual seemed like a bit of overkill to me.
    Made me think management were trying a bit of a pump in the absence of news. Now I'm thinking about it differently, the drill was spun close to boundary and I believe in the US the company who makes initial discovery is entitled to follow the resource across lines.
    So trading halt and then statement before neighbours have a chance to move.
    The whole world can see it and can be referenced back.
    It's ours baby.
 
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