IRD iron road limited
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Fluffy in last qtrly. they had $9 mil.left, but they spent $6...

  1. radaz
    233 Posts.
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    19/03/12
    09:41
    Post #: 9858160
    Fluffy in last qtrly. they had $9 mil.left, but they spent $6 mil.in the same qtr, Unfortunately I think that CR is imminent if they have similar cash burn rate & it will be done at a lower price than previous one & well before 6 mths.I agree with you that the wait has been long.Nevertheless I'm still confident of a positive outcome for the patient one's , but it would certainly be a pleasant surprise to receive some unexpected good news instead of the same old graph's & community consultation's.Maybe we need a change of MD?
    IRD Price at posting: 62.0¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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-0.001(3.85%) 		Mkt cap ! $20.71M
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