These guys will claw all the way to 20% before their next move. They may drive the share to 10c in the process.
Then replace board and split the co into consumables, steel and mining and selling port and rail to pay debt...
It may be good for the ones in at that time. The sum of the parts would be a lot more than the combined. entity. Port and rail can easily fetch as much if not more than the existing debt.
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