Check out the 'non-deal' FMS had today and the movement in shareprice... The two stocks mirror each other (check the charts) anyway.. the FMS annoucment was simply FMS bringing in Citi Global to deal with getting them the best deal possible (strategic partner etc) because there was heaps of interest in the project.
IOH resource and location is very comparable, so if there is heaps of interest in FMS, a mirror would should heaps of interest in IOH..
IOH Price at posting:
$1.26 Sentiment: LT Buy Disclosure: Held