ouch - fin rev – unlikely fmg will exercise iv

Just arrived back from os today and am suffering jetlag so thought i'd do a bit of stock reviewing.

From todays weekend Fin Review.


“IOH goes back to the drawing board”
…Gone are its ambitions to cut a deal with Aquila to allow it to export 20 mty from its Buckland project through a new railway line and port at Anketell.
It also appears unlikely FMG will exercise an option to purchase IV which is contiguous with fmg’s nyidinghu, which is no longer on the fast track.
But ioh has ensured plan b options are ready for both projects.”


Extract only. Interesting disclosure that the reporter travelled to the Pilbara courtesy of ioh...

Will be very interesting to see price action next week as a result of this ‘sponsored article’. Might be some opportunities to pick up a few cheaply for the long term if holders bail out...

Cheers,
Mac


Please dyor.