Why has the market given such a dire valuation for IFE?
It has been floating between 70c and 80c for awhile and now we find it at around 60c. That is a good 15 to 25% off.
BRM was floating at $5.20 to $6.50 a few months ago now $2.77
FMS was around 18- 20 cents now 10.5cents
CAP was 60 -85cents now 32c
AYN was 12c to 14c now 7.6c
AVB was around 12c to 18c now 8.2c.
I am just giving examples of popular small to mid cap resource companies who have had 50 to 100% drops in price over the last few months. I actually like these companies, yet do we assume they all have bad management or fundamental problems.
I could rattle off plenty more but i am just trying to put in perspective the drop in IFE compared to others at the moment.
when is the cash rolling in?, page-8
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