klmark--excellent post---just adding my bit----as i have been saying for ages an income from Finland has given that project a value of ---9.7 centsX 8(pe)=78cents per share---not even taking Roseby into consideration.
IronCondor
I spoke to Altona last week and was told the quarterly report definately WONT be out before the 17th---to me this indicates they dont want to "wake the sleeping bear"i believe Altona would be just as happy if Xstrata walked or coughed up the real value --either way,its a win win for us shareholders.
If xstrata walk--the next option would be to take on a j/v partner at less than 50% --maintain full control,make a larger profit in the long term ,and use the cashflow from Finland for 2 years,along with the capital injection from the new j/v partner to minimise the loan needed to complete the project---maybe even 3 years and almost next to no loan---its all possible and is my opinion---dyor.
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