I think the share price has not reacted because this is not a deal yet - but an option for FMG. The market hates uncertainty and will not value this deal until the option is exercised. As a holder of IOH my fear is that we will have an extended time of the share price just treading water. Our future seems to be out of our hands and in the hands of FMG, RIO, etc. The only way to get the share price moving is some serious capital management initiatives like the current share buyback. The current management have done well to get the share price back to $1.60 and in commercialising these deposits. Lets hope they keep going. Their track record so far is the one thing that will keep me invested in IOH.
IOH Price at posting:
$1.57 Sentiment: Hold Disclosure: Held
