asxbull, It's a pretty major piece of good news in the mining industry of late, so I would expect the Australian Financial Review might do an editorial on the contract win announced today. Management seem to be pretty pro active but if they haven't done a press release it might not get coverage. It is very much a "good news"story for an Australian Mining equipment supply company. The main reason the share price was pegged was the 1m seller who placed at least three sells that I noticed during the course of the day. If he had have held off the price could have moved a lot higher than it did but he's probably just taking some profits that may have been a long time coming in his ( or her) portfolio. It would have to a pretty good alternative he is putting the money towards. Maybe MAH tomorrow morning? The IDL story is pretty good either way so there were a lot of new shareholders added to the register today who should be looking forward to further share price growth. Value weighted average price today 17.81c.
IDL Price at posting:
51.0¢ Sentiment: Buy Disclosure: Held
