Was waiting for someone to say it.
Again, I have flagged the possibility of a CR should the - now confirmed - CF JV dissolve, and unlikely resolution of CCD-option by SJ drill date.
Something has to give. Either drill is not going to happen on schedule, or it happens and is funded by CR/asset sale.
Can I just say that a CR is no bad thing. I can assure you, instos are very keen to get a piece. As are foreign investors. There is no shortage of demand.
What has happened today was a gross overreaction. Not quite at the levels I will start buying again but nearly. Some may have read the JORC upgrade as an upgrade to category only i.e to bring up to M&I (Measured and Indicated), which is a requirement of a BFS. However this is not the case.
The upgrade will also include tonnage i.e more bauxite.
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