what's your opinion (and other's opinions too) regarding the percentage chance of FMG actually deciding on taking up their options, with regard to the comparative Bell and Fosters reports? Or is it left to us to wonder - and guess the possible outcome ourselves?
If FMG don't go ahead - we pocket their $25 million - and what happens next? FMG have attained their Pilbara funding - but how can we know, until deadline day, if any's to be directed at exercising the IOH option? WHY, if they have funding available now, would FMG forgo $25 million?
What would the Stokes attitude be to all these possibilities? IS he a miner - or just an investor? Of course we all know the world's uncertainties weigh heavily on any stock's eventual outcomes.
I think Fosters have a lot to answer for with this huge discrepancy of a sudden change in SP target forecast - as a lot of people would have bought in on their previous estimate.
IOH Price at posting:
91.0¢ Sentiment: Hold Disclosure: Held