Research & confidence in that research.
Also this isn’t the only stock that’s fallen from grace & it certainly won’t be the last.
There’s plenty that have fallen to ATL’s with good fundamentals that have recovered.
The ASX is not the guiding light of a company’s worth. It’s a punters market that sits very low on the world rankings of markets. Understandably so. Australia is a giant western governed mineral resource. Australia wouldn’t have a lot to offer without that resource.
It has a very small pool of investors & an even smaller pool willing to take a risk in biotech.
I also accept the risk I take here as my own. I’ve also done quite well along the way with IHL having taken more out than I put in.
I keep in contact with a few other holders & have also had contact with management.
I have friends that have managed some of the largest companies in Australia over the years & understand the value of good management. I’ve seen these guys turn around or expand businesses on more than one occasion. It takes time & discipline.
We are a start up. Yet our board has kept course & continues on the regulatory path they said they would. They are not panicking.
IHL has been on sale for a while now & still there’s been buyers all the way down.
Thats a lot of stupid people? Or is it?
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