On and After the placement it was a very low risk time to buy at 29c approx IMO. The extra dilution and unhappy shareholders reduced the share price, but it was a temporary phenomenon most likely. As a director Ironside could be seen positively as putting his money where his mouth was. He already had over 3m shares. His last buy was on market in August last year for 200k ords at around 50 cents. I don't know anything specific but feel it is better to be open minded about these things, if you want to make "less emotional" trading or investing decisions.
I don't hold, as I switched to holding SLR today. I really do like this merger, at the risk of sounding like a raving perma-bull.
I'm not sure what the synergies are being valued at on analysts spreadsheets - but I think SLR will trade back at least at 2.85-ish within a week or two. IGR's SP should benefit from that short term. I may be wrong - we'll find out.
IGR Price at posting:
40.0¢ Sentiment: None Disclosure: Not Held
