I agree... for some reason this stock isnt well liked in the market, i have held for some time since my price is 0.42c, and am seriously thinking of averaging down now. IDL lost a substantial Huddys contract but they have made up for it with a number of smaller ones.
IDL going well in Chinese coal industry and we need more contracts to be signed here, but this is trading at 2x P/E FY10, UBS love it, have slapped an outperform rating on it and a 38c price target... for what that is worth. Still fundamentals are good thats what counts in any market!
Lets see..
Cheers SuperTim
IDL Price at posting:
31.5¢ Sentiment: LT Buy Disclosure: Held