Mate I play the spec market as well - tech and resources and am pretty much a full time investor. Sure the grades may not come in or the drill bit fails you, but you know what you are paying for when you go in. Even at 8c this has a market value of $44million so with cash of $4m at 31 March you are valuing these blokes at $40million. All they have produced to date is a series of "agreements" (go back and look at SBL - same thing) but no execution. Oh and you are paying the three key directors $300k a year EACH + expenses - HK this week, S'pore the next. Two of them are clearly yesterday's men and know bugger all about technology. They need the SP to hold up to get the upcoming placement away while they can. It's your money, and for your sake I hope I'm wrong. On this one, I doubt it.
IOT Price at posting:
7.8¢ Sentiment: Sell Disclosure: Not Held
