Been following this stock for a while now but have only recently...

Been following this stock for a while now but have only recently hopped aboard.

IDM felt the full effect of the GFC last year after a secured funding package was pulled from under them as lending markets tightened and Neimcor could not come up with the cash. This resulted in market punishment with the share price falling from approx 30 cents to a low of 1.1 cents as investors thought that IDM, despite the resource, was done for. Thankfully liquidity began to flow through the markets again and after 10 tough months for loyal IDM investors they have secured funding (pending equity component)and ready for plant development.

The positive communication from IDM regarding the placement of new sophisticated equity and director buying more shares at 11 cents indicate a high level of confidence in this being secured. With the top 20 holders having approx 85% of shares, this stock will leap up when it is ready to go.

Some posts on this thread have indiacted the multiples availible in their revenue forecasts and I agree that their revenue estimates have been conservative.

IDM is finally bouncing back and IMO the building investor awareness see a significant re rating back towards 30 cents.