IIR Initiates Coverage: 4.7c price target (DCF base case), page-90

@Lukums, I do agree with the sentiment of your post; nothing is ever guaranteed in life nor on the share market.

Of course, no-one should ever put their life savings into a single stock (let alone a microcap stock); I don't think anyone has ever recommended that on these threads and they would be a fool if they did.

I have stated that I am 95% confident of renewal, not 100% confident. I am comfortable with that assessment. In my eyes, a GM renewal is highly likely. In the market's (irrational) eyes, it is a 50/50... therein lies the investment opportunity...

I am personally happy to load up as much as I can at 1.4 cent levels ($10M EV), but everyone here will have a different investing philosphy, different approach, different requirements and different risk appetite. Everyone here will also have undertaken different degrees of due diligence. I know from Aaryn that the vast majority of retail holders don't bother to reach out to him.

I look forward to looking back on these prices in 6-12 months time and reflecting on whether I was right or wrong and what I learnt from the situation. I'm backing management and the CXZ team to drive significant shareholder wealth over the coming months and beyond.

Patience will be rewarded.

T.E.P.