IDL have a glove in hand relationship with the mining industry. When there is confidence and growth in mining IDL will benefit and vice versa. They sell the shovels and spades as it were. With the transformation of the Indian and Chinese economies over the next 20-30 years I have confidence that we will continue to see demand for our resources and hence mining services companies like IDL. The share price will not go up in a straight line but the trend will be up. They continue to announce new contracts and new income streams. Management are keen to make IDL a billion dollar plus entity. It wouldn't surprise me to see IDL north of $2 in 3-4 years. IMO
IDL Price at posting:
$1.35 Sentiment: LT Buy Disclosure: Held
