We have for some time been in one of the biggest commodities booms that we have ever seen.Prices are extraordinary and many are at record highs.But those of us old enough to know realise the reality that it will not last forever.Because of the state of most of the western world economies if China sneezes and catches a cold we could see iron ore back as $50-$75.Its not a matter of IF its a matter of WHEN.Hopefully not for years but nobody really knows.Thats the big drama for the oz government because without the boom from China they know that Australia will fall into the same desperate situation like almost every other country finds itself.If management can't do a viable funding right now within this Boom Period then regrettably as a long term holder we may find the project will end up being stillborn.The only announcement worth anything to stabilise a growing SP would be VIABLE FUNDING.Results mean nothing if you dont have the money to mine.
Market SP stability is not sustainable if its only created by the company appointed pump and dump 3B beneficiaries.Its actual market perception that dictate the market cap and that comes from what the company is actually doing.Scary thing here is that if they do get finance at what cost???Looking at the history of what FAS has paid for money, scares the absolute bejeesus out of any sane holder.
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