Prices not looking likely to increase looking at this....
http://www.barchart.com/futures/commodities/ITI
Maybe go into receivership and then private buyers pickup up the operation for around $70m (equal to net debt). Then they could forward sell as you say, to fund their buyout or just mothball for awhile. Unfortunately however, nothing in it for shareholders.
On a more positive note, at the last AGM management claimed to have access to almost limitless funding from Singapore, so hopefully it still holds true. We shall see.
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