i was interested to hear the thoughts of a senior broker from...

i was interested to hear the thoughts of a senior broker from ord minnet on idl on tonights your money your call program. (i realise that ords have a buy rating on the stock so of course it was always going to be positive.)he was of the opinion that the super profits tax would not really affect the co. as 41%+ of earnings are from overseas mines which are not affected and they themselves are not exclusively a miner. he also said the company was seriously undervalued at the moment, trading at a p.e of around 7.0 and lastly he believed it was only a matter of time before some insto's took some notice and got onboard.
i am glad that the company got some airtime and that maddison williams in the states is also recommending them.(thanks for the info jbau1) hopefully we can get back to fair value sometime soon.