I see the point you make in relation to A1 and what the alternatives could have been. However, the powers that be at Heron had a real long time to consider all these alternatives, they didn't rush into anything and I would prefer to back the Heron boards judgement with A1.
Only time will tell, but the historical grades from A1 should vindicate Heron's decision.
Heron are still able to consider any number of possibilities, as the recent $40 million added to Heron by way of its Polaris share sale, through MIN's takeover of Polaris, puts Heron in a fantastic position.
Cheers.
HRR Price at posting:
30.0¢ Sentiment: Hold Disclosure: Held