cr, page-8

I'll bet 1:5 and a price of $1.80 though I wish it were closer to $2.00 (that would firstly raise more money & secondly demonstrate the underlying value of IOH as perceived by major holders). This CR should fill the coffers for scoping studies, feasibility studies & assist with branch lines to BC & FMG. Perhaps a mixture of new capital plus a rights issue though I don't see KS allowing his position to be watered down so I'd expect an underwriter role for him on the CR.

I know what you mean SuperW about the apparent manipulation, though in their defence the whole market went to hell in a hand basket 2 weeks ago & has recovered strongly since, so whilst suss, I don't think the fix was in (on this occasion).