"Personally I think IRL is here to stay and will in time be very sucessful. They are not only building a business but also commerical confidence with there Indian and Canadian partners."
Please explain why,how?
I would never have invested in this company if at one stage I wasnt as optimistic as you are sharemadder. Unfortunately however facts are facts. IRLs board continually underperform in terms of stated production levels at Surda and have shown no ability to rectify their underperformance. You must except that a company that has promised for 3 consecutive quarters that they will be cash flow positive and failed are underperforming. The issue is in no way questioning the opportunities that will become available in India but the boards ability to harness the potential.
IRL Price at posting:
4.6¢ Sentiment: None Disclosure: Held
