Makes you wonder why nobody would make a play for IOH for about that same amount of coin.
In Nov last year we had no deal with FMG, our share price was about $1.20 and a $500 mill offer would be around $3 per share.
We have more resources than FMS and our locations are good, so why not throw $500 mill at us first?
I can only assume that IOH has had several approaches and we are simply not for sale... Or maybe Alwyn has been told something like "Tell anyone who asks it's $5 per share or they're dreaming." Or something along those lines...
IOH Price at posting:
$1.56 Sentiment: Hold Disclosure: Held
