I'm amazed at how closely IOH has stuck to 90c, since August... This is certainly the longest period of time that the share price has been steady without any really substantial news.
Usually this stock drifts down on no news so this is kind of new territory for us to be sitting at such a consistent price...
Does anyone reckon they might be working on a big placement to bring on board a Buckland partner and the 90c is important as a baseline for the placement price?
The only reason not to do that is that any placement of stock cuts the partner in on the returns from Iron Valley which one might think is a separate operation but possibly part of the deal to entice the right partner...
IOH Price at posting:
90.0¢ Sentiment: Hold Disclosure: Held
