I don't follow this one closely but they definately need some cash soon. I believe they intend to raise cash when they re-list after the Indo deal? This deal has taken years/months if I recall correctly, LT holders are due some luck here..
Do you think soverign risk in Indo is an issue? IAU--Intrepid mines seems to have had lots of issues lately which does not give me much confidence..
I don't particularly like the Oz Government and all the tax changes but sometimes its better the devil you know than the one you don't IMO.
EOR Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held