IOH 0.00% 70.0¢ iron ore holdings limited

rail transport will boost profit

  1. 580 Posts.
    Good news from IOH today re their discussions with BHP heasding in the direction of BHP either purchasing IOH ore or agree to IOH using their rail line to the sea.

    Previously IOH looked like going down the trucking path. This was costly and the WA Govt has vetoed trucking ore from about mid this year because it will cause damage to roads.

    IOH's announcement today was very positive news for those who have been following the story so far.

    IOH also nominated in the AFR today as fourth best float - up 430%.
 
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