Re: the instos getting in over the top of shareholders. I believe they would have been wasting time trying to get shareholders to buy in at a premium (85c) when most of us had options at 75c. Therefore, the cash came quickly when they needed it and I am happy about that. I don't understand how anyone could criticize that deal, there's nothing worse than seeing a project held up for lack of capital (watch the sp go then!) All in all it was the only choice available. No point talking about current sp, it changes daily and does anyone believe it will remain here when shipments of ore have begun? This is the risk that investors take and reap the rewards when all the obstacles are sorted out. If you want certainty, buy the banks, oh by the way RIO are down to around 35-40% of their high, so I wouldn't be too hard on IFE.
TYX Price at posting:
84.0¢ Sentiment: LT Buy Disclosure: Held
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