IOH 0.00% 70.0¢ iron ore holdings limited

Blueim,Hc posting is opinions and views. One needs to be careful...

  1. 3,051 Posts.
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    Blueim,

    Hc posting is opinions and views. One needs to be careful when trying to state 'facts'.

    "but hey, it's his company that he founded"

    Wrong. FYI, KS did not 'founded' ioh, he bought in at a point of time assuming a significant shareholding of a 'founding' director, which he has subsequently grown through progressive purchases.

    KS' initial involvement was an opportunistic purchase obviously utlising his connections and good for him for having the ability and the foresight to grab a bargin. IMO, his average buy price would be well below $1, so this cr will see him 'average up'.

    Moving on to the issue at hand, i will be taking up my full entitlement and will also be 'averaging up', such is my confidence in the co.

    Please DYOR.

    Cheers,
    Mac

 
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