interesting stuff...

I'm in Italy at the moment on an extended holiday so I don't get to sit and watch any ASX action these days, but I've noted a few interesting things about IOH recently:

1. We haven't seen a buyback notice since 10/07 which is two weeks back... Really wondering what the strategy has become as I'd like to see the odd parcel still being picked up at these prices. Is there a reason the tap has been turned off?

2. The price (forgive me stating the obvious) is a shocker, nearly at the recent historical low of 85c. But I do recall she rebounded fairly swiftly from these levels last time. I'm personally not concerned about the current price although I'd prefer to see her trading multiples higher.

3. The recent presentation gave a really clear plan A and plan B for Bungaroo. The Anketell plan was nothing new - although it does appear they have an "in principle" agreement with AQA to outline a firm plan like this. The barge operation sounds intriguing, I'd love to see some rough numbers on costs & time frames associated with this plan.