Good move by the IOH team, as it kind of forces the 'tension' that Foster Brokers keep going on about. Clearly the big miners were not going to make the first move so IOH have - in fact a very good move! The time will come soon when the big miners will either have to throw big dollars to prevent a non-Australian (by which I am sure you know what I mean) backed iron ore alliance or basically acknowledge a new (and preferred) player on the scene. As to the RIO story - burnt by them once, why even bother answering the phone from them until they leave a few messages (my opinion there a little skewed by frustration at the year that RIO forced IOH to waste). Keep up the great work IOH and get this sleeping beauty awake!
IOH Price at posting:
$1.39 Sentiment: Buy Disclosure: Held