Does this suggest the SP ( and possibly the new issue ) is expected to be below 20c ?
The EV is so low but you would think the Chinese will pay more than just cash value ( plus a tad on top ) ?
Or will the price continue to rise and then holders ( who may have cash issues ) have an alternative to selling options to convert , therefore avoid being diluted ?
Some dilution is coming anyway via partnerships . As you say M20 they don't need the cash . This is good insurance against world market turmoil too .
Port access is a huge problem in WA so don't hold your breath on the Fe .
REY say they could mine coal by 2013 , interestingly their SP is 15c and they just raised heaps at 20c . Potential seems high for the coal .
Iluka is powering on the back of mineral sands prices and the aluminium/kaolin requires lots more research from me ......
Watching with interest .
AKA Price at posting:
16.5¢ Sentiment: None Disclosure: Not Held
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