re: Ann: Altona Welcomes MMG's Endorsemen...
Yeah that's what I'd be looking for. Whether MMG actually want to be a minority partner in Roseby is another matter entirely.
But in the current financial environment I think expecting AOH to be able to fund 100% of Little Eva is a bit much. I hold (or have held) a number of resource companies I originally bought during the boom in 2007, where I was sitting on multibaggers, didn't sell at the peak and now back where I started in most cases. Several of them are at the stage AOH is at now - the geological work is all done, the DFSs are done, but the companies just can't get funding and their SPs have been too badly smashed to raise it by equity.
The BIG advantage AOH has over most of these is that they have no significant debt and a cashflow positive mine so they can afford to wait.
Also, their primary product hasn't collapsed in price. Can't say the same for my iron and coal stocks...
AOH Price at posting:
26.0¢ Sentiment: Buy Disclosure: Held
