You'd think that with MinRes knowing that they'll shut down their operations there, would have offered peanuts for the iron ore/if anything (ie. no deal).
I definitely would want them to get what they think it's worth for any assets/deals, and am happy to wait for any deals to come, at a fair value.
And yes, I would've like 3-4 deals by now, but they haven't come yet, and yes, I would like the SP back where it was in the teens, but it's not there.
But the Team has made so many companies work, turned them into producers/multi-billion dollar companies, got them taken over, etc, and I'm confident in my investment here and that they'll do the same here...and they seem to be too as they've pumped $6.8M of their cash into it, and I'm sure that won't be the last of the cash that they pump in.
Easy to be negative and pessimistic when the SP is crap, the market is crap, and everything is looking crap, but think back to when the SP was 15c, market was flying and everything was great - it turns both ways, and we're surely close/at the bottom and it should turn back the other way for us all???
Cheers,
GB.
Expand
(20min delay)