I think if you just take a look at the volume chart in aug, that there is news just around the corner. The question is, at what price people want to get in. Personally I think 8.5-9 s.p. is a fair value because until the finance is finalised then you will be looking at 15-25 s.p. Depending on market sentiment.
All the fundamentals are there with indicators pointing in the right direction but with the volitality of the market at the moment, who knows?
IDM Price at posting:
7.9¢ Sentiment: None Disclosure: Held