which is exactly why the market wants to know how the 2-5pct royalty will work. If it is a higher royalty at lower prices (thus offering a 'bottom' to the value that IOH get from the deal) and a lower royalty at the top (thus giving more return for FMG who are the ones developing it, possibly) then IOH can be more easily attributed a value. If however the royalty is based on time until the deal is done, then there is a fair chance that FMG write off 20million as costs and wait for a better time to sort out IOH?
Who knows, KS and co that's who - and some of them have been buying so perhaps that says something...
IOH Price at posting:
$1.17 Sentiment: LT Buy Disclosure: Not Held
