Well, I'll give Bell Potter & Charlie Aitken full marks for...

Well, I'll give Bell Potter & Charlie Aitken full marks for seemingly igniting the fuse for IOH's recent uplift. I reckon their target was light on but at least it brought IOH to a wider audience I believe. Personally, I take more notice of the BP report than Fosters - given their 50% retrace in target price immediately following the publication of BP's & their past involvement in capital raising & underwriting for IOH where they ended up with a bunch of shares they presumably didn't want & sought to talk up the prospects.

My bet is that when (not if) we power through the $1.00 mark shortly, BP may do a follow up valuation higher towards $2.00 especially as we close in on the option date with FMG. Another poster rightly pointed out that Charlie is pretty close to Twiggy & is a huge FMG fan, so I see IOH's future prospects linked very closely to those of FMG (which suits me fine as I too am a FMG fan).