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trading halt!!! - what could it be???

  1. nicwix
    1,064 Posts.
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    08/05/06
    09:39
    Post #: 1545739
    At 9:18am today, IRN announced a Trading Halt (reopening Wednesday morning).

    These guys do not cry wolf - IRN has not had any Trading Halt's in recent times - so it must be something significant!

    Can't be funding (they have lots of cash and Xtrata is paying for the pre-feasibility study anyway) ... from memory, I think Xtrata can exercise it's 62.5% option at any time, but that would just be announced without a halt.

    Any thoughts?

    Nix
    IRN Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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