the backers backed BGL and SYR, from scratch are now both roughly $1 BILLION dollar companies. To say they are pumpers and dumpers is just fantasy. thats factual. True aussie success story.
IND is a new IPO with plenty of projects, starting from scratch trying to be another Billion dollar listed ASX company. Will it succeed?? theres a chance as with all explorers. will it fail???, yes it may as all other explorers but ithey will give it their best shot imo. yes it is high risk, yes projects got vended in, yes they are up $$ from vend price, but so what. THey gonna put it all together for free? thats insanity. if ronald macdonald vended it you be more happy?
THe backers are proven, risk reward looks ok for me, ill take my chances here. thanks
anyway, good luck, all the best. play the man, not the ball or play the ball not the man. tight lines.
INDUSTRIAL MINERALS LTD IPO Analysis, page-73
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