IOH - Iron Ore Holdings

[happytown]

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- A very interesting develpment in that Billionaire Mr Kerry Stokes, has bought 19.9% of the company from a founding director

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and further, pending shareholder approval, looks set to acquire up to approx 39% of the co by further acquisition of founding director shareholding - at first I was a little curious as to why the major shareholder and founding director would look to sell the majority of his holdings (as well as resign as a director in aug [although retained in a technical role]) at 40c a share and before the imminent release of the scoping study, until noticing this in the annual report:

Mr Ammon is entitled to a production royalty of 1.25% of the iron ore produced from E47/1236, E47/1237, E47/1238, E47/1239 and ELA47/1385.

Phil's Creek is included in the above

I note KPMG's Independent Expert Report (ASX release 03/09/07) assessed fair value in light of the Stoke's initial purchase and intended further purchase,

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to fall within the range of $0.44 to $0.71 per share

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In a boom market this may attract a premium from prospective investors towards the high end of the range by perhaps 25 to 50 percent

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current management ex-Rio Tinto

cheers

 

[Trader Paul]

Hi folks,

IOH ... figure positive light will focus on this stock,
about 02102007 ...

08-16102007 ... minor news and extended discussion here???


18-23102007 ... 2 negative cycles due, here

01112007 ... minor cycle expected

16-19112007 ... 2 cycles - minor and positive news expected,
..... finance-related (???)

From 25112007 to 14012008, there is an underlying negative cycle
that will likely result in flat trading, even though other
positive time cycles news, may bring good news.

2911-03122007 ... positive spotlight on IOH ...

07122007 ... positive news expected here.

10122007 ... minor cycle

13122007 ... minor cycle

27122007 ... minor news

31122007 ... minor cycle

07012008 ... minor and positive - finances(???)

14012008 ... positive news expetced here.

24-29012008 ... 2 significant and positive cycles

31012008 ... minor cycle expected here

happy days

paul



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[ta2693]

TTY breaks out. AGO has a good day. But It seems IOH have very substantial selling pressure at 80c level.
Who is the seller?

 

[ta2693]

I think selling pressure is because the scoping study is late. It is said to be out in Sept. but today is in Oct.
The delay of report is very normal in ASX. I have experienced a lot of delayed report. e.g. Erl, Rmg. The delay is not necessary a definite bad news predictor.
On the contrary, It may provide a good opportunity for buy to get the share at low price.

 

[prawn_86]

Has anyone heard anymore on when the scoping study will be out?

A month is a long time to be delayed. I personally wouldnt buy any at this stage with such a delay.

 

[YOUNG_TRADER]

ouch,

I guess the market really isn't impressed with the delay of the scoping study,

Well I'm still waiting, as are we all

 

[TheAbyss]

IOH has started to show a little activity with improving volume. Could be setting up for some action on news?

 

[YOUNG_TRADER]

Finally seems to be following suite with the rest of the sector,

$1 looks like an important level, we certainly hit alot of resistance at 80c,

Techies/Chartists care to give your views?



Where's that damn scoping study!!!!!!!!!

 

[ta2693]

It fits my standard of long.
I have doubled my holding at current price level.
I think it will break $1 today or tomorrow and with your fundamental view support, I think the risk is acceptable for me. In addition, the sensitivity of iron sector is very high in current market. Any good news will make the price of fe companies go crazy.

 

[ta2693]

This one is not without risk, I notice JM is reducing its holding in GBG which could mean JM think the current Fe sector is overheated. Actually the performance of small iron company is really crazy, IRM, RVR, MDS,TLM, ACS, etc
etc. Their price all come to new high or near its new high. 100% return in a day is very normal for them but it is not very normal for the market. It is definitely unsustainable but the market madness is at FE sector currently. So IOH's performance could be very crazy.

 

[reloadn]

Hi all, I am relatively new to the share market and to these forums, and this is my first post.

With the whole iron ore frenzy now I am keen to understand the terminology in reports etc, and was wondering what a "scoping study" is, as mentioned in this thread. Also, what kind of impact can it have on the share price of IOH?

I mean as they said in todays quarterly report, the 1.5Mtpa is attainable. Will this be further reinforced by the scoping study, with the possibility of the scoping study saying that 1.5Mtpa is actually not attainable?

Thanks

 

[BigJohnny]

Hi all, I am relatively new to the share market and to these forums, and this is my first post.

With the whole iron ore frenzy now I am keen to understand the terminology in reports etc, and was wondering what a "scoping study" is, as mentioned in this thread. Also, what kind of impact can it have on the share price of IOH?

I mean as they said in todays quarterly report, the 1.5Mtpa is attainable. Will this be further reinforced by the scoping study, with the possibility of the scoping study saying that 1.5Mtpa is actually not attainable?

Thanks

Scoping study is basically a draft of what the company wishes to achieve in the project. The study is continually refined with new data from drilling, assay results and other project factors. The more positive data that comes in, the more confident the company can be in proving project viability, and step up into a pre-feasibility study.

 

[Waspi914]

Anyone have any ideas on this stock?

Iron Ore Holdings confirmed in July that Binalong Pty Ltd (100% owned subsidiary of Australian Capital Equity Pty Limited which is a company owned by Kerry Stokes) acquired 19.9%

Then in Nov Richard Court (a former Premier of Western Australia) was appointed as a Non-Executive Director on the Board of IOH.

Just released announcement this month?

 

[kingbrown]

Have been watching ioh for quite some time
I think she has real potential
As i have heard it has very high grade ore deposits and the locals like it

Just have to use some common sense when buying
As volumes are very low
I am consolidating around late 50's early 60's
Hard to buy volume no ones really selling ??
Keeping for long term

 

[grace]

mmmm mine gate sales to RIO hey? Is this the first of what will start happening from now on?

http://aspect.comsec.com.au/asxdata/20080724/pdf/00862786.pdf

 

[DB008]

Hi All,
I have just had a quick look at this one.
Went into a trading hault late friday.
Volume on the previous few days (week) has caused it to jump around 50% (or more). If l ever saw some type of insider trading, the volume in the past week would be a clear sign of it for sure.
BUT, considering the big fall in the US on Friday night, it will be interesting to see what happens on Monday.

Anyone else follow this stock?

 

[justiceotp]

Yes I am keeping an eye on this stock I have it in my watch list but don't currently hold any.
Will be interested to see what they have to say tomorrow as there was plenty of volume and price movement prior to the trading halt.

 

[Waspi914]

Firstly they released results of a drilling program conducted on the Weeli Wolli project - the company announcement is here at http://tinyurl.com/9o4pqg

Also I saw a story on the speeding ticket in Bus Spec - http://tinyurl.com/79xmjf

Appears that IOH are claiming

- Iron Ore Holdings Ltd says a renewed interest in the iron ore sector may be the reason its share price rose last week.
- "The company notes that in the last week there would appear to have been a renewed interest in numerous companies in the iron ore sector generally," Iron Ore Holdings said in a statement.
- "Further, the company notes that world markets have recently been the subject of significant volatility following the onset of the global financial crisis."

 

[justiceotp]

The question would be has their really been enough interest in IO to get an increased volume in this company that we haven't seen since June 2008 and a price jump of 33% followed by 44% then the announcement that is positive and then the price drops.

 

[happytown]

ioh currently in a trading halt pending the release of more drilling results, possibly more from iron valley (following the nice results released earlier this month including one hole 78m @ 61.8% Fe, 3.83% SiO2, 2.21% Al2O3, 0.17% P and 4.91 LOI from 34m)

iron valley (prior to above drill results) has a jorc resource estimate of 88.2Mt @ 58.5% Fe, 4.4% SiO2, 2.9 % Al2O3, 0.19% P, 7.7% LOI

a new resource update is expected late june

cheers