IRL and IRLO were trading at circa 50c and 30c respectively back in June before the meltdown in the US markets.
Since the recovery in many stocks, IRL has continued to flounder in light of nothing but good news..
This has to be close to, if not, the most undervalued stock on the ASX given what the market knows (and excluding stocks based on pure speculation).
I cannot beleive options trading at 6c or under. This is money for jam...
If you are not part of the IRL party, I suggest now is an excellent time for you to do some research. You will be very very surprised when performing your own valuations and comparing to how the market currently values the company.
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Dani Nadri, Country Manager Australia
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