So, do IOH get an even bigger potential upgrade to value based on some king maker/strategic position....? I don't think so - sure the deposits have value adding potential to their neighbors but the negotiations will still be tight.
Good to see some strong volume today and I guess the next few weeks will show if the speculation that IOH just has to be able to do something is right. A drift up to $2 would be great but would still leave ANOTHER 50pct+ wriggle room if some deal closer to the FMS comes along.
Strange looking black swan today and I hope it is the start of the race to the top for IOH.
I wonder if Foster or Ocean Equity will upgrade their valuation now....?
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