a few thoughts........- the prevailing market conditions...

a few thoughts........

- the prevailing market conditions (equity/debt and now mineral sands) are not favourable for a deal to be concluded based on terms negotiated back in november

- a renegotiation of terms would be in order were posco still keen to proceed with the project

- at the proposed 40% project buy-in price posco could launch a full t/o for gun at > 50% premium to the current sp

while i hope that i am wrong, looking at this rationally, i dont see it happening on the existing terms or timeframe.