IOH iron ore holdings limited
Add to My Watchlist 0.00% ! 70.0¢

approaching cash backing

  1. phogg
    502 Posts.
    lightbulb Created with Sketch. 1
    clock Created with Sketch.
    24/07/12
    17:46
    Post #: 10475347
    this is looking amazingly cheap now...

    not far from cash backing and 1.6 billion tonnes of Iron ore soon to be up for sale to FMG, RIO, AQA etc...

    fosters had $2.80 target which even if 50% wrong makes 85c seem ridiculous.

    all sentiment, no logic at the moment. IOH should use cash to buy up some bargains - the trunaround in chinese growth will open some cheque books i beleive. but what is Mr stokes up to?

    good luck all...
    IOH Price at posting: 82.0¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS New targets and high-grade intercepts drive Bullabulling drill expansion
right-arrow Created with Sketch.
MEM Memphasys secures transformational A$325K initial order with exclusive Middle East partnership
right-arrow Created with Sketch.
LM1 High-grade targets in focus as drilling begins at Evanston
right-arrow Created with Sketch.
AII Why Almonty Industries is THE tungsten mining stock to watch
right-arrow Created with Sketch.
NEWS Outstanding thick high-grade gold revealed in first Greenewood assays
right-arrow Created with Sketch.
BML Boab Metals secures path to full ownership of Sorby Hills Project
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.