one of the reasons i sold out of IRN at 56c is because I did not think Xtrata will fund the 5billion it will take to develop IRN. I think, Xtrata has taken the blocking stake and will now hold out on it until they have bought other stocks such as Liomin and other undervalued resources. This then mean IRN will not develop Tampakan until the mid 2010's.
great company, but they played the politics badly.
xstrata to pull plug on tampakan, page-3
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