Still scartiching our collective heads it seems from why IOH would pay $4m to FMG.
A clue in the AFR today which states that Alwyn had foreshadowed in December a $150m operation at Iron Valley operating at 5mt pa trucking the ore to FMG rail lines.
Makes sense then doesnt it in this light that we want to stay on the good side of FMG? Then again not sure why you wouldnt just say that in the announcement unless we are still negotiating access terms with FMG.
Its all getting a little bit interesting with a lot of potential company changing announcements due by the end of this quarter.
IOH Price at posting:
82.5¢ Sentiment: Buy Disclosure: Held
