Regardless of how offensive/not offensive you find him, it's not hard to take his point.
Yes, the science is good, yes the interm results are very promising, yes the de-risking is another key event, yes IHL SP is still losing ground every day.
The market is a wash with green today, a 4 day trading halt, an announcement that is a good step in the right direction, the market book got wiped and we are still flirting with the 52 week low.
I am a big fan of Joel and the company, but you do idly wonder at times what it's going to take to give us a push in the other direction. Almost every announcement is met with a sell off, nothing seems to gain us traction for a long while now.
I'd say that when we get closer to Q4 results read out and the concept gets closer to a reality this may be a good catalyst, but equally I thought that about a number of milestones the last 12 months and the result has been a relentless push downwards.
Still, all in all a important piece of information has fallen into place for the long term story.
IHL Price at posting:
13.8¢ Sentiment: Hold Disclosure: Held
