its clear you know nothing about the company. If you have read...

its clear you know nothing about the company. If you have read any of the reports IAU have issued, there was always going to be a share issue as a part of the direct equity process. Also, they were always intending on bringing in another party that can develop the mine. You think it's a co-incidence that 80% of PTM has changed hands when IAUs interest in the project is 80%? You think IAU have been caught out? Think again. This is not as simple as a major or another mining company exploiting the opportunity to raid PTM and grab equity in the project off IAU. This is the first of a number of announcement regarding the change in structure required to move IAU forward and de-risk this project. I am surprised there weren't more spec buyers today but I can imagine over coming weeks we will see a lot more interest.