The real reason the share price tanked wasnt because of the mining tax it was simply because they had nothing to say and no deal with anyone, there was the rumour of a FMG deal this time last year which was probalby correct but for some reason ( price has been suggested ) the deal hasnt been done yet. If IOH ever got to a position to pay the mining tax the truth of the matter is that they would be close to billion $$$ company ( on a PE of 10x) then you would be saying mining tax what mining tax ? . Its common practise on HC to blame bots governments and other unseen mysterious forces for the fact the companies share price is not appreciating , its simply the fact they need to do deals ie there is no infrastructure deal as yet when they overcome that ......
IOH Price at posting:
$1.51 Sentiment: Buy Disclosure: Held