IOH has always been suseptible to material drops in the share price on low (i.e piddly) volume.
Unfortunately having 50% of the register locked up in one person makes IOH more sensitive to this movement.
Juniors are getting hammered at the moment because the market thinks they do not have access to capital. Well IOH is going into production without having to spend a cent on Iron Valley. De-risk and monetise.
From reports there was a lot of interest in the Cape Preston solution. Of course this will require a signficant capital partner but project economics are solid, its low capital intensity, and really suited to the current times. Still confident we will attract a partner be it an infrastructure partner, a mine partner, or both.
IOH Price at posting:
71.5¢ Sentiment: LT Buy Disclosure: Held
