hey butchy and others long time... i wrote /spoke with heads of ioh back in april/may, and the plan was not to sell to rio, but just to explore, and in doing so raise teh interest in ioh, and its prospects
feeling is it backfired rio plays a cleverer game, not committing to anything and thus bringing uncertainty amongst ranks of shareholders
early this year none of the long termers would have considered anything less than $5 as a decent offer but because of the whole saga with rio, the 'resignation' of matt, and the -until now- lagging native title (have you considered rio may have employed delay tactics?), most shareholders have lowered their expectations
purely by gut feeling i reckon we are sitting on a biggie hold out fellas, hold out and pick up those ioho options while you can!
institutions being conservative are always slow on the uptake i'm friends with a fin adviser for a super firm and they are about to buy ioh he confirmed he and peers in other institutions are saying ioh: native title? check! uncertainty over since leadership change? check! undervalued shareprice? check! mmm, lets buy some....
demand= ....
smiles to all Bnow
IOH Price at posting:
$2.09 Sentiment: Buy Disclosure: Held
