Fortunately or unfortunately Todd can't walk away. They have spent 10's of millions securing RTA and signed takeoff agreements with at least on Chinese steel maker. Unless they are planning to attract international cruise ships to their port and railway line to the central Pilbara, how else will they turn a dollar on this venture.
OCJ's accumulation over the last 8 to 12 mths to almost rival Todds holdings is fantastic. Although we mum and dad shareholders don't know how this saga will eventually play out. We can assume that OCJ like the rest of us are here to turn a profit.
OCJ have had to spend multiples of millions to average down their cost price to an assumed 4 to 5 cents. These actions by OCJ breaks the golden rule in trading/investing. Don't forget they didn't participate in the 2 capital raising that have occurred since Todd arrived and they clearly made the right decision back then.
Since then have been able to buy 100's of millions of shares on the market at less than the CR's and one would assume they are continuing with this strategy. OCJ know exactly what they are doing, look/learn or follow their lead and try and make a buck or get your money back from FMS. DYOR it's just my opinion.
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