So Ian has said for over a year now that he is puzzled and has no idea why the share price is at these levels.
Well Ian, we've touched 67 cents a share today and the decline in share price has been continual all the way along as you act dumbfounded.
How about instead of issuing yourself performance rights, you engage some brokers to do some positive research on IFE and get the message out there some more. I've been watching the local news lately (I live on the spencer gulf, an hour or 2 from Wilcherry Hill) and there has been regular pieces on mining expansion and projects in our area.
I'm sure IFE could contact them and get their story on there and probably at no cost. I understand it is a small market here, but there are many people with disposable mining incomes from roxby etc who jump on opportunities like this if they hear it from friends or on the news.
Its all well and good to act puzzled and basically say the market is stupid for valuing IFE at these levels. But unless the company actively promotes the story through all means available, then I ask who are the stupid ones?
I still rate IFE a buy and like the story, but its a story which isn't being told to its full potential IMO.
TYX Price at posting:
68.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)