Somehow, I think Stokes is not in a hurry despite reported talks with majors.
I think he wants to keep drilling to prove up the resource and when the stock market is again basking in sunshine will he then time his sale.
It's no point flogging the company in this environment.
Although of all the majors, AGO is the only one that wouldn't mind topping up in resource. It allready has lots of port allocations. Wouldn't be surprise they will buy out BRM (script deal) at some point. Wah Nam has no use for BRM without FRS.
I am a long term IOH holder (first purchases were under 20 cents in early 2009 - got somemore from the raising) and am happy to wait for pay day.
IOH Price at posting:
96.5¢ Sentiment: Buy Disclosure: Held
