Call me an optimist but I'm not selling below a dollar.
Call me a realist, but I meant my entire holding :)
On the up side, it can't fall much further, having only one tick mark to fall before hitting the Bottom.
There'll be some results toward the middle of this month regarding Lyndon Station and Lionel Diggings is unworkable during the wet season, so it will be at least April before there is any prospect of results from there.
In the mean time, nothing is likely to happen. I assume that the management aren't relying on IRG for their pocket money, so the whole company can be filed away in the top draw until something happens.
On the up side, Gold is hot and gold stocks are in favour, so any good news could have a disproportionately positive effect on the SP.
Basically, it simply isn't worth trading until the March results are due. Maybe take a punt then, or just by a lottery ticket (worse odds and boring - buy stock instead :)
Robert
LCD Price at posting:
0.2¢ Sentiment: None Disclosure: Held
