Mums and dads are still too scared to sell, poor things. The register is currently controlled by the contractors, but they've been gazumped by the debt holders now. There's a small amount of unrealistic buying going on, but once this weird support operation ends it has to go sub 1.5 cent before the debt holder deal is agreed to, and then sub 1 cent after.
The share price will then progressively fall as more cash is taken out of the company and the mines become depleted. MacPhee Creek aint happening unless IOP gets north of A$70/t, not with its $40 million investment up front.
AGO Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held
