I actually hope they are announcing the CMIC deal has fallen through. The company has been on hold for the last 12 months going through the processes. That deal was done back in October last year. I think the farm was sold too cheap!!! Since then - June they discovered the hematite deposit which will drasticly reduce the capex requirements to previous. The other big factor is the oakajee port announcement that came out a couple of months ago. In addition we are only talking about Beyondie. There are several other leases that have quality potential as mentioned by others. The company needs to follow in the lead of appointing quality board members or advisors like Ian Burston. Use the money from the options conversion to get back to their core business which is drilling and shore up what they actually have in the ground. This will get the company re-rated and if what they say is there can be firmed up then we will start to be in the money.
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