TI1 0.00% 1.4¢ tombador iron limited

Assuming BSM's join up in the near future and buy at the gate,...

  1. 929 Posts.
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    Assuming BSM's join up in the near future and buy at the gate, the 2,000 tpd figure could easily increase in line with ramp up.

    Prior to today's updates, I was expecting they might have some stronger news flow over the next month as they need to unload the UMP shares.

    I've wondered if this had been oversold in order to pull the "authorised price" of the UMP down and away from the 9.8c used to determine an unmarketable parcel. Clarifying/amending the UMP at the last moment yesterday was a bit disappointing.

    Anyway, things seem a little flat of late, but maybe it's not quite as bad as it seems.

    Thanks to those who shared their thoughts on the meeting today.

    cheers




 
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