Iron Road Ltd T.IRD

Primary Symbol: IRNRF

Steel Steel

Iron Road Limited is an Australia-based mineral exploration company. The principal activity of the Company includes exploration and evaluation of the iron ore interests at the Central Eyre Iron project in South Australia including pursuit of business development opportunities associated with the Cape Hardy port site and industrial precinct. The Company’s projects include the Central Eyre Iron project and Gawler Iron project. The Central Eyre Iron project is located on the Eyre Peninsula of South Australia and is a collection of three iron occurrences, such as Warramboo, Kopi and Hambidge. The Gawler Iron project is in South Australia, located along the eastern margin of the Great Victoria Desert some 200 kilometers southwest of Coober Pedy. The Gawler Iron project area covers 3380 square kilometers (km2) and includes over 10 areas of known iron occurrences, including the Mt Christie deposit. Its subsidiaries include IRD Port Assets Holdings Pty Ltd and IRD Port Assets Pty Ltd.

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Iron Road Ltd > Why so many Bids?

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Post by blackwolf25on Apr 20, 2017 2:02pm

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Post# 26144344

Why so many Bids?

Though my understanding is that there will be no further acceptance of offers for IRD beyond the $4.25 presented by WiLan (pending shareholder vote) I am quite interested in the number of bids at $4.22 given that the potential earnings on those purchases would be less than 1%. It wouldn't seen to make much sense to buy say 10000 shares to make $300 less commissions. Or am I missing something. Is someone trying to buy 2,000,000 shares to make $60000? If so, I take it there is 100% confidence the vote will pass. Makes me wonder where that bid was yesterday.

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