Maitland is a distraction and has no value for the company. It may happen some day but that day is a very long way away.
Salt is also a distraction. Float it off or sell it.
IV is a SP key. I don't understand the reasons for reports that FMG may not take it up. FMG logically must take it up. But if it didn't why would it affect the current SP. I cant see that any value is being placed on the current SP re IV sale prospect.
The game is the Buckland Project. IOH is not far from seeking environmental approval for its mining, transport and port proposal. The new State owned port at Cape Preston East is a massive achievement for IOH and for other small producers in the close vacinity.
The problem with IOH is the holding Stokes has in the company and the poor track record of the SP's of any of stock he is directly involved with. This seems to be a problem for shareholders.
IOH Price at posting:
78.0¢ Sentiment: Buy Disclosure: Held
