resurgent rio bets on iron , page-21

hey butchy and others
long time...
i wrote /spoke with heads of ioh back in april/may, and the plan was not to sell to rio, but just to explore, and in doing so raise teh interest in ioh, and its prospects

feeling is it backfired
rio plays a cleverer game, not committing to anything and thus bringing uncertainty amongst ranks of shareholders

early this year none of the long termers would have considered anything less than $5 as a decent offer
but because of the whole saga with rio, the 'resignation' of matt, and the -until now- lagging native title (have you considered rio may have employed delay tactics?), most shareholders have lowered their expectations

purely by gut feeling i reckon we are sitting on a biggie
hold out fellas, hold out
and pick up those ioho options while you can!

institutions being conservative are always slow on the uptake
i'm friends with a fin adviser for a super firm and they are about to buy ioh
he confirmed he and peers in other institutions are saying ioh: native title? check! uncertainty over since leadership change? check! undervalued shareprice? check!
mmm, lets buy some....

demand= ....

smiles to all
Bnow