As you all know we are very supportive of this raising and thought we would quickly share a graph of the last renounceable offer in 2008.
We can anticipate an announcement(s) over the next two weeks and similar trading throughout the rights period when compared to 2008. And then after rights trading completes, who knows. But with the right mix of announcements and shareholder support we may have a run as shown below:
So far the rights trading has been tight and indicates most shareholders will be converting their rights. But as we get closer to the end and the rights trading intensifies we can expect this to drive the share price for a few days prior to the the close of trading. Look at how other renounceable issues traded (ORG, RIO, etc).
It's a good short term-long term play at the minute. This is why I still think it's a great cr. Anyone changed their mind yet?
IOH Price at posting:
$1.74 Sentiment: LT Buy Disclosure: Held
