IRN indophil resources nl
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xstrata sells el morro stake for 465 million

  1. melua
    14,880 Posts.
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    12/10/09
    23:31
    Post #: 5767937
    http://dealbook.blogs.nytimes.com/2009/10/12/xstrata-sells-465-million-mine-stake-to-barrick/

    Makes IRN's Tampakan stake look dirt cheap even at $1.50.
    Will be topping up again tomorrow as this will get taken out at a price above the last bid price of $1.28 in 2008 in my opinion.
    IRN Price at posting: 72.4¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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