Apparently Schachter is on this now, calling it cheap....
from StockHouse tonight.... "IFR is involved in the UK North Sea. In the process of drilling a well with the Lundins that is very important. In about 1 month will start working with Husky (HSE-T) in the North West Territories. Between the winters of 2008 and 2009, you will have a good shot if they have any kind of drilling success. Speculative. May have $.50 in cash per share NOTE...let's see if the markets pick up this junior beaten down below cash value"
I also just saw notes pertaining to insider buying up to the beginning of June...not bad, common shares at market value. The CEO told me today he is still buying.
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