Morning all.that’s life in the share market. we’ll soon know if...

Morning all.

that’s life in the share market.
we’ll soon know if anyone else thinks it’s worth more. I suspect not.

at this stage it was still a huge risk. I well remember back in the day our group were buying Craton resources/Basin minerals (mineral sands in western Victoria) with our ears pinned back in the 10-20c range. As with most juniors price fluctuated all the time. We eventually had a take over at $2.10 From Iluka. We all screamed too cheap, as we had an NPV of $14.40 on it.

take over went through. BUT, Iluka struggled with it for years. Not sure they ever actually got anything out of it. Massive technical issues kept holding them up.

you just never know with these things until they get fully developed.

so I’ll take the 50c (couple of c profit for me) and move on. I will wait to see if a competing bid emerges, even though I think that a low possibility.

cheers,

ned.