The current major shareholder has a track record of patience. However, small time folk like me (and you??) will get trashed as dilution via placements to 'friends & family' will see our holdings even further rendered useless.
This happened with WVL (Windamurra Vanadium). Still suspended after a zillion years. They went into administration and to get out of it they did a capital restructure which resulted in the little folk ending up with parcels that when they can sell will find that they are too small to be sold on the ASX.
Hopefully IDM will do somewhat better but I'm not holding my breath.
Our best hope IMO is for the mineral sands that IDM market to take off hugely.
Others may have a different and less pessimistic viewpoint.
The current major shareholder has a track record of patience....
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)