I am currently in South Africa. Violent crime, corruption (at every level), massive brain-drain etc mean the country is (sadly) heading into a crisis. It may slide down a shallow slope or it could lurge suddenly. Either way, IDM's chromite is a 'must-have' product for superior engineering manufacturers. IDM has had one teething hassle after the other. Latest presentation says mill flow rate of 1million tons/day will be on track by end of 2Q12. Surely at 11c this company is very cheap? Has exceptionally rich resource and on cusp of decent income. But its been a trying and tireing wait!!
I am currently in South Africa. Violent crime, corruption (at...
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