Not reacting immediately to news and then reacting later is one thing. I just quoted dates and prices. It rallied to a near all time high after the news over a two week period, I think that means the market digested it. That was near the end of March and in April the Nasdaq had its worst month since 2008 and here we are.
Overlay a chart of IHL v LKE or vs the ASX 200 for that matter and have a look at the similarities. I would do it but it will give you something constructive to do.
IHL Price at posting:
33.5¢ Sentiment: Buy Disclosure: Held