BowLeven - BLVN Stream Log

ffs this hare going nowhere

Have i bought into another ABM?

whats B&B ?

SP be down to 52 week low at this rate

Independent Resources/ IRG, has taken a bit of a bashing since 2011, with the earthquake in the Po Valley having seriously put into question the value of the Rivara asset, but thankfully all looks set to change and investors can either grab a great long term hold or profit short term. Jumping straight in with fundamental analysis, historically Independent Resources has traded as high as £1.50 per share and mostly within the 40-60p range. Cantor have even placed a 67p target on these shares, which I expect is based on pending news from the San Gervasio project, which has the potential to generate positive cash flow within nine months of a confirmed award (Independent Resources have already scored highest with the awarding body and most analysts expect this award to be confirmed prior to the new year). From a purely asset based valuation, Independent Resources still stacks up well with a Net Asset Valuation per share of 30p, making it very undervalued in the market. Adding to all of this, no news on major projects has been heard for more than four months now and combined with this final results are expected soon. Although, the question over the award of the flagship Rivara asset may still trouble some investors, I personally don't think it's as relevant to the company as a whole than it used to be. With the expansion into Tunisia and other such countries to accumulate assets, Independent Resources looks set to rise up from these low levels. For short term traders, the current prices may seem a little high and from a technical perspective the RSI and stochastics may suggest that you ought to hang on for a cheaper price, but obviously if (as expected) positive news comes out soon you won't want to be left at the starting line. For the long term holders, these levels would be a great buying time and you never know, if the spot price rose up to £1.50 again you could profit more than 2000%

I bought at 60p will this ever return to this?

any sp ideas bought at 60p?

cant believe paid 75p for these a while back

I bought at 60p worried

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