I can not be sure that rockcheck or its related partys were not buying, the MD of rockcheck knows a few people in SYDNEY ( he lived and studied in Sydney for a few years before took over the business from his father who was killed for the reason you do not want know).
I do agree that IDO may be a take over target, but I do not see the current directors will let it happen, like you stated, they all from much bigger company, so the price they ask for will be closeto a mid tier conpany, with the 70 percent shares hold by not more than 20 holders, it is in no one's interest to let Ido go for 200mil or should I say 150mil.
That is also my point : The iron sand is the play, if or after Ido become a producer within the next year, how mcuh you think that will you be happy to let you Ido share be takeover, I think who ever takeover can tell their share holder that IDO got coal, and the pig iron.
Or if those big guys want to stay longer, then pig iron will be the next card.
You may not like what I said but I think it will work just fine for you super.( I mean just buy do not sell for IDO, you gain more). cheers
IDO Price at posting:
54.5¢ Sentiment: Hold Disclosure: Held
