LB, I tend to agree it's a worry to see no buying...
However, a few facts for us all to remember:
1. Management are currently working on a deal. The last announcement informed us that they were progressing to due diligence and hopefully binding deal/s.
2. The time-line for securing a deal was originally indicated as the end of Sept.
3. Management would not waste time progressing a deal that did not satisfy their 51% shareholder in terms of unlocking value. Stokes has to give these things a tick before they can proceed, or someone might just lose their job.
The market clearly doesn't think Vorster can produce a deal that unlocks any significant value. Let's hope Mr Market is wrong.
IOH Price at posting:
$1.19 Sentiment: Hold Disclosure: Held