None at all Butchy - I think AV just spoke persuasively at the last presentation and the market realized that with iron ore prices still up high there was no reason for IOH to be HALF the value that it was before the RIO satellite purchase. You are still looking at over a 20pct discount to the credit raising price and the company is in far better shape now then it was then (and have over 70million in cash now). What's not to love about IOH!? (okay I accept that your comment almost certainly has some merit, but as a small holder what can you do?).
I always liked the Kerry Stokes involvement in this company as it sets IOH apart (majority share holder, influence, experience in business rather than just being an explorer, etc, etc). If KS is making money, then we are making money.
$5 looking good again! :)
Disclosure: I last bought IOH at 1.02 09/08/2011.
IOH Price at posting:
$1.24 Sentiment: LT Buy Disclosure: Held
