Its been a few weeks since IOH paid good money to cancel their deal with FMG and still no explanation as to why. The sp rally has stalled and now its just a waiting game. Lets hope the sp doesnt just drift back downward on low volume which has been the trend over the past year. Nows the time for a partner or infrastructure announcement to restart the rally. AGO plans to announce its study results with Aurizon (QR National) in March and FMG is working on their infrastructure asset sale. I wonder if IOH cancelled the deal so they could commit to being part of one of these deals?
IOH Price at posting:
98.5¢ Sentiment: Buy Disclosure: Held
