IOH 0.00% 70.0¢ iron ore holdings limited

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  1. 2,986 Posts.
    Personally I won't be disappointed to see the RIO deal expire (roll on 8/8). Yes, people who bought on the strength of it will be ticked off, but that's the risk you take. Far bigger potential post 8/8 with our other neighbours. Also, Stokes is no fool, he was a keystone share holder in the float of the Ag Bank of China. He didn't do this cause he want a slice of the banking service sector in China, he did it to establish his position ti the bank that will extend funs to any Chinese group that wants fundes to purchase Catapiller equipment in China or resourse assets in Aust. Short term I see the share price drift lower then a capital raising post 8/8 and 53c (or more) in every $ will be by from K Stokes just to maintain his position. Other Top 20's will also kick in to maintain their possies & hey presto, we'll have heaps of cash to keep drilling testing & expanding the JORC & that = way more $'s than RIO might have payed on 8/8.
 
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