On the good news front ~ Iron Ore pricing has been increasing...

On the good news front ~ Iron Ore pricing has been increasing (much to my surprise and per predictions last year) but, none the less, the price for 58% Fe is hovering around the $100 which from memory was the magic number the previous company suggested was economical - although I don't remember if that was US$100 or A$100.

But given who has popped onto the threads, highlighting the "company pursuing other acquisitions" might just mean an acquisition is on the cards, he is a pretty accurate poster with these few companies he follows.
With a M & A budget of $200k, I am not sure how they will pay for an acquisition (Placement?) but IMO, the acquisition will need to complimentary to the core business asset (Hamersley Iron Ore) and not be a change per se .........

It will also be interesting if Callaghan remains on this board after suddenly leaving PF1?

cheers