IRN indophil resources nl
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steady decline in share price

  1. chriseels
    143 Posts.
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    07/07/13
    18:13
    Post #: 11974567
    Hi everyone,

    Been following IRN for a while now and have seen a steady decline in the share price, just wanted to get everyone's thought on why this is so? Here is my take at things

    Possible contributing factors:

    - Lack of interest in spec stocks
    - Lawsuit with Glencore
    - Open pit mining ban - general sovereign risk
    - Falling commodity prices

    Can't be lack of cash...according to the last presentation they have 228m on hand.

    IRN Price at posting: 21.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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