Most of us knew when we bought into IOH that KS was the major shareholder so this can protect us and/or squeeze us.
Back on the 24th Feb there was another article in AFR re: IOH. Basically it said the "rumours" are that KS may want to take IOH private (I read that as Wroxby buying us out) and that Fosters believe IOH is starting to look like a mini Hancock, ie royalty cash flow.
Im starting to feel more and more that IOH will become a magnetite vehicle (why else would FMG want 50% buy in of Maitland R). They are either going to take BS into a JV production (my money is still with AQA as they need the ore to meet port capacity) or Maitland will suddenly rise they could process the ore at CITIC.
Still plenty to come, still have cash.
IOH Price at posting:
$1.58 Sentiment: Hold Disclosure: Held
