SheepwashIndeed it was!! - but it didn't stop me picking a few...

Sheepwash

Indeed it was!! - but it didn't stop me picking a few more up at 10 cents.

As we all know now, last year's debacle was caused by a massive deleveraging associated with the GFC that effected every stock. Institutions and investors panicked and sought the safety of cash and the security of 'less' debt.

The fundamentals for IGR are even better now than when they peaked last year before the crisis - both operationally and in regard to the outlook for the sector.

I am expecting a rapid re-rating when the penny drops. The imminent DFS could well be the catalyst and any announcement that relates to 'new' drilling success wouldn't do any harm either.

Cheers
Nev