I don’t see management selling MIO in the next 4 years. The movements this year appear designed to generate funds to keep the lights on for the medium term. If the bills are getting paid I wouldn’t be selling if I were in their shoes. Not until a port agreement anyway.
As a result, not having spin off shares for existing sh was bitterly disappointing.
Old management have taken the reigns of Infinity, it does seem like this year was predetermined. The IPO is days away, I will be keeping an eye on it for the first couple of months. There is trust in management for drilling and testing. That’s about it so far.
MIO Price at posting:
38.5¢ Sentiment: Hold Disclosure: Held
