I hope something positive eventually comes of all this. If these talks continue for 18 months where we will be is anyones guess? Theres already been a lot of talk this year which hasnt resolved much. Closing at 46c today and continued downward pressure places even more importance on potential deals.
A shareprice of 30c wont give WR much bargaining power with any potential JV partners and thats where we're heading imo. The IO sector continues to get beaten up badly and junior producers are no exception. AGO, MGX and TTY just to name a few!
Metallurgical testwork results are the key now more than ever. They were important 6 months ago but now with global supply outweighing demand, BRM must prove its worth. If not, WR can kiss his options goodbye as theyll be worth zero or zip, or should that be worth Marillana!
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