Disappointingly, there was no mention of funding options being persued. This is the biggest reason the share price has been falling and is undervalued. It has addressed other, more minor, reasons such as the development timeline and forward plan.
The way Kerry Stokes operates (looking at Seven, WAN and WesTrac) is to build a larger stake when cash or consolidation is required. How can he do that here without exceeding the creep and takeover rules?
Wonder was his plans are for SVW now...
However nice to see PFS for Western Pilbara. Remember with the valuations that Maitland is Magnetite and not Hematite. There are plenty of magnetite explorers around targeting 1Bt and this stuff isnt worth as much.
IOH Price at posting:
$1.60 Sentiment: LT Buy Disclosure: Held