I think Jay must have meant one share for every two held, NOT 2:1. I've now seen so many dufferent rumours the only rumour I'll believe is what is released by IFE.
But that won't be rumour. It will be fact. lol
What we do need is for the fund raising to be completed professionally and quickly.
We have a bullish market for iron ore stocks. Eg FMG up 1.5% today. GBG up 2.3% today.
The sooner the market knows this project has funding and is really going ahead, the sooner IFE starts being rerated upwards on the project's great fundamentals imo.
Ann: Trading Halt , page-28
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