I expect to see some announcements ie: change in or becoming a substantial/s holder
Maybe the increased bids might have been associated with the new GM appointment?
Interesting statement: re: "IO price has little bearing on such a tiny MC company"
~ I would have thought if Iron Ore was your only project, the price would have a large bearing regardless of MC?
~ The falling price and the price outlook from sources previously posted (professional IO analysts, Australian Chief Economist) all indicating the price to remain under $US100 m/t and (a mean average of them all @ $US80 m/t) for 2022
~ Global industry analyst Fitch Solutions are forecasting a downturn into the next decade (and were the only analysts that had I/O above $US100 m/t for the remainder of 2021)
https://thewest.com.au/business/mining/iron-ore-prices-poised-to-fall-below-us100t-into-next-decade-fitch-solutions-forecasts-ng-b881964998z
IMO ~ weak I/O prices as well as impurity discounting facing Equinox will also have a short term impact for a quick DSO start up to fund ongoing work.
China is going green, China is increasing local production of I/O, China is increasing pig iron (reducing I/O) in furnaces, China is preferring higher Fe~62% to minimise coal usage, China is aiming to reduce emissions
cheers
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