Maybe they announced the spin off to encourage preditors to pounce sooner rather than later???
CHOMP CHOMP CHOMP... they would probably get it a $3 a share ATM with $10 of Upside on the potential 600m tones of Iorn in the ground..
I think today was the low for a while and should settle back around the $1.75 until further news.
CHOMP.
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