The only train wreck is the inability of management to sell the mgt story to retail investors, by having a time line that would attract interest and investment and improve SP, The fundamentals of this company haven’t changed, what has changed is the reality of cost to implement and the demand of future high quality iron ore globally.
Management have all been talking about how this project will happen by listening to all recent announcements and interviews, but they are not following up with the most important ingredient [Money] $$$
Partnering has been mentioned by Tim Dobson to happen by the end of this year, well we are fast approaching the end and still no substantial announcement on this front.
Money is going to be the most important factor very soon, as all have been paid handsomely and unless there’s a significant change they’ll have to work for free, and I don’t see that happening.
Ultimately theirs is nothing we can do other than wait a couple months and see if all their talking hasn’t been just bullshit, so money will start to dominate here because if they intend on releasing DFS towards end of next year they will be missing the train. Just my opinion on the situation.
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Open | High | Low | Value | Volume |
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3 | 9863 | 0.235 |
1 | 3500 | 0.230 |
4 | 98686 | 0.220 |
1 | 2000 | 0.210 |
Price($) | Vol. | No. |
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0.250 | 9138 | 1 |
0.255 | 21162 | 1 |
0.260 | 23512 | 2 |
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