actually which ever way it goes TTY wins if they dont T/O but hold a significant holding their investment will go up as the s/p appreciates with Kiernann taking charge. If they get over 51% they win to but I am thinking it could backfire, as TTYs efforts are moved away from their main operation at Francis Creek which has 4 rigs exploring at the moment to increase tonnage shipped as they ramp up over to 1 MTPA
Kiernann through CSM took out a significant chink of iron ore miner PMM a few years ago then sold out at a profit .
All we need is a white Knight to tie OLY over in bridging finance another $2M(convertable notes maybe)untill the second kalimantan operation is running and this becomes a cash cow
As for taking time to get zircon to port the inland port is only around 50Km from the mine and the ships are small so quick to load, zircon has gone into short supply in the last few weeks due to power problems in South Africa and lack of product coming out of Kalimantan which is good for second rate Zircon prices like what OLY is producing
OLY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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