Martin, You are right about tightly held. If you compare the year on year top 20 holders you will see for all intents and purposes there is only one seller who has not held very many easing them out to one buyer that has recently arrived. For some weeks now every third day there is an end of day selloff that ensures the next days open prices are lower than they might otherwise have been. That sought of fake pricing means you can ignore any wide buyer / seller spread prior the opening market auction as indicating weak demand. That sought of window dressing indicates a sophisticated buyer is at work. Macquarie has avoided the tedium of accumulating by negotiating an option to acquire 40 million shares @ $ 0.075 They will also be in the box seat when IRD needs management skills for mine development.
Sit back and enjoy the ride.
IRD Price at posting:
18.0¢ Sentiment: Hold Disclosure: Held
