Agree SW. Clarification on the sliding scale of the royalty rate...

Agree SW. Clarification on the sliding scale of the royalty rate is crucial. I'd expect we'll get something on this (even informally via brokers) but as our largest shareholder knows already the company will need to provide this as its clearly material. Otherwise *someone* may prompt ASX to put IOH back into a trading halt..
As I said last night I personally expect IOH to drift upwards closer to $2 but don't see it going much further until more happens. It is clear that the buyback shouldn't be done over $1.60 because of the CR and I think that is why the SP had been 'resting' where it was.