I had to Google that and I think that if you take the time to read my posts I have never taken any joy from the current situation, certainly I have expressed a desire for the rampers to get burnt (as they have burnt their followers). I was a little surprised that you were unaware of the rampers but when I see your previous posts I note that you are a supporter of them - so that now comes as no surprise.
The rampers who have promoted the stock with outrageous cash flow and profit projections to entrap new holders, changed their tune when the price dropped and decided that the Chinese were working to cripple the juniors (that I believe is correct), but then started banging on about it will all be OK when the JV was finalised.
This is inconsistent and totally unrealistic, if shareholders believe that the Chinese have manipulated the market to the detriment of the juniors how on earth can a JV with a Chinese company be trusted? They will simply run 2 sets of books and their costs will be vastly overstated (but unable to be verified) and then the 50% of profit given back will almost certainly be far less than 50%.
None of the juniors should participate in any offshore Chinese JV's.
Mine and process the spod. deliver to the port and get paid by LC.
BHP, RIO and FMG deliver thier iron ore to the port and get paid, you never hear of them participating in any steel mills in China.
