IOH 0.00% 70.0¢ iron ore holdings limited

Short term it's definitely bad. Price getting squeezed...

  1. 5,275 Posts.
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    Short term it's definitely bad. Price getting squeezed down.

    Another 100K today for sale plonked on at 79c, forces genuine sellers below that mark & I'm assuming that same person is then buying at market around the 77-78c mark.

    What we need right now is that buyback reinstated just to start taking chinks out of those sell orders. At the current price I don't see the harm in IOH picking up a few hundred K of our own shares.

    Ether that or a director stepping in to buy $100K worth would probably do the trick.
 
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