Hi Damianwrx,
You have no fear of losing half your money from the current price offered when you have already doubled your money at worst.
You sound like a real savvy investor.
Lets park it up at 13-16 cents for the next couple of years, excellent choice.
The reality is we have a great resource in a dream location for a takeover ONLY by FMG or RIO. The only reason we have MMK offer is because of their relationship with FMG and they can do a deal on existing rail lines. MMK and FMG have done the deal IMO.
Take that out of the equation and if RIO and FMG dont want us outright we are just another stranded resource that require huge amounts of money to MAYBE get the ore to port.
FMG are ramping up production to 155mpt per annum by 2013, so are AGO and RIO increasing their production.
Economist are saying they will be a oversupply in years to come, throw in China's revised downgrade of economic growth and you still dont want to double your money.
Take your emotion out of the equation and be a smart investor.
FMS dont have to prove up anymore resource to make it attractive to prospective buyers.
Get real and as a very smart man told me once, you never go broke on a profit.
Bank it and move on to another stock that will work harder than a stagnent share price for the forseeable future!
Regards
Balian
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