IND - Indus Energy

[mobcat]

Strangely since i posted at the end of last month there has been some abnormal volume of trading in IND, you could nearly say renewed interest not huge volume but at least some volume and increasing depth, around $25k of buying in one day last Friday i see, again not huge $ but better than has been the last 12 months and on a increased share price, lets hope its a whisper from head office that something maybe happening at long last, and if only they would announce something because the shell is cheap cheap it,s a arbitrage trade at the current share price

 

[mobcat]

Strangely since i posted at the end of last month there has been some abnormal volume of trading in IND, you could nearly say renewed interest not huge volume but at least some volume and increasing depth, around $25k of buying in one day last Friday i see, again not huge $ but better than has been the last 12 months and on a increased share price, lets hope its a whisper from head office that something maybe happening at long last, and if only they would announce something because the shell is cheap cheap it,s a arbitrage trade at the current share price

Up Nearly 80% now on fair volume relative to shares issued, i have been in this one for a while but this do,s seem strange of late its like some one is taking a large stake in this shell atm before a ann??? i could be wrong but i have seen it before a movement in share price a month before a positive ann fingers and toes crossed hey

 

[Mr Jed]

A bit of interest with this one. Now trading at what would appear fair value for a shell but attracting buying activity while the company is doing some dd. Is the cat out of the bag?

 

[mobcat]

Yes Jed the cat is out of the bag and this dog is chasing it, this mob has just failed again to get a deal on table that's 3 in a row over 5 years now, these sort of people running IND should be taken to task by ASIC

 

[Mr Jed]

Your dig is viewed as a trifle unfair Mobcat given you are answering a comment some nine months ago!
The comment was a fair account at the time. As for the people running it all responsibility should be aimed at Gus Simpson as he has essentially ruled the Boards. I am not convinced all hope is lost as Simpsons reputation in giving shareholders value is hardly inspiring re (PEN) and I would expect he could get some runs on the Board with IND and runs would convert to $$ as he has lost on this one as well.

 

[mobcat]

Don't hold our breath I would say Jed !!!! 5 years to do nothing on Simpsons and crews began behalf just shows how useless he is and all he is proven is that he can accomplish is nothing but waste shareholder invested funds and for absolutely no return or even get a project further than words on paper , absolutely useless that's all I can say, if they weren't in a halt for the last 7 months I would of dumped IND long ago !

 

[Dona Ferentes]

IND Indus Energy ... delisted from the commencement of trading on Wednesday 6 November 2019, pursuant to Listing rule 17.12.

a new incarnation for the ASX code

Industrial Minerals Ltd -

Listing date	23 July 2021 11:30AM AEST ##
Company contact details	https://www.industmin.com/ Ph: +61 8 6270 6316
Principal Activities	Mining exploration
GICS industry group	TBA
Issue Price	$0.20
Issue Type	Ordinary Fully Paid Shares
Security code	IND
Capital to be Raised	$5,000,000
Expected offer close date	21 July 2021
Underwriter	Not underwritten. CPS Capital Group Pty Ltd (Lead Manager)