funny how the previous offer of 1.00 was "GROSSLY" unexectable, and low ball, and opportunistic, yet with a measly 28% increase the directors are prepared to fold up their tents!!!
When they say undervalued, i agree, and brings to my mind, what is a stake really worth to xtrata, i was thinking that there had to be a 10 bagger over the next three years in irn, so, a total of 94% from the march low?
Come on. Its really only a 28% premium. If you look at most decent explorers/ developers they have bounced back from the fire sale crash prices of jan-march, which was back to a dollar for irn.
Irn would be at a dollar soon enough, when the feasability xtrata are doing is soon to come out, so, 28% for a 10 bagger.
NOT ENOUGH.
DIRECTORS ARE SPINELESS.
cheers
IRN Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
