Am I mistaken, or is there a short term bonanza waiting here?
Factors:
- NTA may have slid a few cents in the last month due to resources coming off the boil
- Talk of increased offers for IRN in the wind
- $1.52 buy price with promised $1.35 - 1.50 return soon
- 10% Buy-back underway
- No news on Cracow sale
Question is - what are the seagull fund managers waiting for?
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