IOH 0.00% 70.0¢ iron ore holdings limited

zzzzz..., page-5

  1. 7,132 Posts.
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    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.

 
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