Capital raising at 15 cents per share. And the dumpers will send it back to 17 cents or lower.
Have a look at Grange GRR, producing 2.2 million tons of magnetite. Biggest magnetite producer/exporter in Australia all IO sold on long term contracts above benchmark.
Reserves 700 million tons and $120 million profit pa.
Grange shareprice is 31 cents, so I don't hold any hope for TTY.
come on..., page-142
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