You May Not Like the FERRETBut, aside from his silly comments about pigs flying and IAE being a POFS, the core of his comments are on the money and obvious to anyone taking the emotion out of their take on IAE. This idea that the share price is being held down, in my opinion, is just silly. According to this board, IAE has been held down by "them" for the past 10 years. Seriously, pick pretty much any month on any year for the past 10 years and you'll find someone posting that "They" are manipulating the share price of IAE.
For what it's worth, here's another couple of possible explanations. First, it's random. Yup, even randomness appears to have patterns at times. Or more to the point, as humans we don't understand randomness and apply meaning to events which are random. We like meaning, but most of the world around us lacks meaning so we simply invent it and apply it to all kinds of sh itt.
Don't like that explanation, then how about the fact that the PoO is sitting at record lows and Brent has lost its premium to WTI and IAE is a moderate priced producer, producing in a very volatile, highly unpredictable, extremely harsh environment, and is a NUMBER of years behind on bringing their crown jewel into production AND they have a BOATLOAD of debt. Cause when you look at IAE from that perspective then a share price of $.55 makes a whole lot of sense to me.
Nothing is moving on this folks until two things happen, the PoO significantly improves ($55+) and the FPF-1 is actually finished and is on route. Unless these two things happend, don't expect IAE to move much.