We're all expecting some miners to have difficulties under the current financial situation and I guess that flows on to general sentiment, so yes IDL sp gets impacted.
But for IDL to under achieve revenue targets for 2008/09 some clients are going to have to start breaking contracts already signed up. My understanding is that they are mainly contracted to major players not the small fry.
Mrgw - you could check who IDL actually work for and have some factual basis for an assessment or just get spooked because CUO who have nothing to do with IDL are in trouble and it's fashionable to be spooked at the moment....
I see IDL as a supplier of specialised equiment that will continue to be in demand as miners increasing look to reduce operating costs and improve recovery/efficiency in response to lower prices. Huddy's will chug along too.
IDL Price at posting:
46.5¢ Sentiment: Buy Disclosure: Held
