Actually with the expiry of $1 options coming up over the next year or so they'll have even more cash - I did a rough calculation on the last quarterly factoring in the options due for expiry over the next 6-12 months and I reckoned a cash position of around $18 million provided most of the options are exercised.
So the cash position is outstanding for an exploration company and certainly no need to cap raise until conditions are perhaps a bit stronger.
IOH Price at posting:
$1.29 Sentiment: Hold Disclosure: Held
