The biggest problem with Bell Potter jumping on IOH now is that once the price gets up over $1-$1.20 (or whatever their internal target) they will skin it alive & walk away with their easy 25%-50%.
Regardless, as I said previously we should be comfortably above $1 in the short term and with news on the horizon re: both Anketell and Iron Valley within the next six months we will see what this company is made of within that time frame IMHO.
IOH Price at posting:
87.0¢ Sentiment: Hold Disclosure: Held