"takeover possible", page-78

Flemster, besides your blatant ramping, I can see why you think this company is well run esp given that they had to shut down their only mine twice this year because they didnt have the foresight or more likely couldnt be bothered to assess whether they needed to deal with the water problem which presumably would have been obvious to them years earlier plus they decided that instead of using debt to fund their projects like any normal mining company, they decide to do a heavily diluted issue when the share price is at its lowest point for over 10 years, then yes, its clearly a well run company! Its unclear to me why after bragging about have approx $200m in the bank and no debt that they need to suddenly raise more capital through a highly dilutive share issue?!

The only clear winner here is RIO who is able to now pretty much in full control of the company for next to zippo and guess what, the company board are all RIO appointees/cronies except for 1 or 2 token "independent" directors