Hi ricm
With everything goin on behind the scenes, at 1.4 the rights offer is money for jam imho. I read Buddfox's view on the jv and he makes some intersting and valid points. I have a feeling everything will be sorted out in time for the agm in november. I read on the nsl thread they are looking at around 11 mt's of i/o from their initial venture (I think they are around 2.5cps?). Not trying to compare apples to oranges but I envisage we will have well over 700 mt. For me it's a no brainer. Also interesting to note interest rates on way up and China rebounding strongly (at this stage lol).
Happy sailing
PGamble
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