ION 0.00% 0.9¢ iondrive limited

buy or sell ?, page-5

  1. 4,263 Posts.
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    i thought the recent cap raising purpose was to cover
    short losses on current contracts
    what the instos(who participated @ $2.00) forgot was that new contracts are to come on stream(2005onwards) post more cap raisings and plant expansions

    by now one would logically think that the reduction in eps and surprise exit of mr salthouse should have been priced in

    those who purchased b/w 1.50-1.60 and hold for the long term may be well rewarded

    company has strong mkt positions

    do not hold but cannnot justify fall in share price from
    what was once around 2.40 to 1.50
 
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