The big buyers are trying to sqeeze all shares they can at these levels before we get all the news and finish the BFS. It only make sense to pay 60c rather then $1.20 or $2 right?
20% would be around 143m shres and it would move the sp, perhaps the buying has started.
Who would that be? Twiggy, Gina, Anglo A. or Vale? What do you pay for a business that makes $1B USD in profits? USD$100/t profit x 10m tons. ... and wait when the IO goes above $200/t again.
HIO Price at posting:
62.5¢ Sentiment: Buy Disclosure: Held
