IRD 0.00% 6.0¢ iron road limited

Ann: Corporate Update and Board Changes, page-14

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  1. 1,415 Posts.
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    Yes I think the miniscule free float means that many funds cannot buy IRd because it can't enter an ASX index
    It is a liquidity issue.
    All that will be fixed when IRD brings in an equity partner.
    The new Director comes with vendor experience in selling a majority stake in a Brazilian iron ore mine. That will be useful.
 
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