Latest announcement says exclusive period has ended & that IOH is now free to negotiate with other parties. here is the first paragraph:
"In December 2009 Iron Ore Holdings Ltd (IOH) signed an agreement with Hamersley Iron to negotiate the terms of an Acquisition Agreement for IOH?s Iron Valley Project. This agreement included an exclusivity period for agreement to be reached. The exclusivity period granted to Hamersley Iron expired on 31 July 2010. The two parties have considered a number of possible development options for Iron Valley including potential joint venture structures. To date, no agreement for moving forward has been reached. Discussions are continuing on a non-exclusive basis and Iron Ore Holdings is now in a position to open discussions with other interested parties."
IOH Price at posting:
$1.28 Sentiment: ST Buy Disclosure: Held