So ioh followers, it's the obvious question.Trying to use the...

So ioh followers, it's the obvious question.

Trying to use the old crystal ball and having read all recent reports and data, we are certainly collecting cash, but to what eventual end? Some comments and observations to spark some debate –
• Our name “Iron Ore Holdings” – 'holdings' does not imply a mining agenda.
• Recent staff appointments would indicate otherwise?
• Bungaroo South looks most likely opportunity for us to mine, but API and RIO may ultimately have a say in proceedings.
• And if/when a decision is made as to which way to go there, where next?
• Will we become a pure Magnetite play only?
• Will we become a Magnetite miner? More capital intensive so unlikely?
• How will FMG figure in our Magnetite developments in the coastal hub?
• Will we become FMG’s Magnetite explorer/developer?
• Or will we just continue to be a prospector/explorer and continue to horde cash?

Obviously we are currently undervalued. Also interesting current strategy re buy-back and the fact that we are at the price for which fosters purchased/hold a considerable amount of stock. What are fosters intentions re their stock holding? Are they looking for multiple or a single investor to buy, or a developer to take a large holding?

What are the future share price triggers or catalysts?

Assuming mou deal with FMG proceeds, it will be interesting to see the impact on the share price at the time it is exercised (Fosters estimate next quarter). Otherwise, we may be waiting until an announcement re BS.

Just throwing a few topics out for comment.

Cheers,
Mac

Please dyor.