Totally agree, of course I am responsible, not saying otherwise, just sharing. 'Misplaced confidence' in the iron ore market, listening to others without doing my research and understanding commodity boom/bust cycles and 101 supply and demand on a global scale is where I was coming from. All my own fault.
However, I am genuinely concerned that the company at this juncture does not appear to be scaling back on spending at a time when no one wants the product and has zero revenue with seemingly no sales pipeline. I am thinking night watch mode and skeletal staff should be considered to survive financially until a time when the iron ore outlook has improved - would that work?
SDL Price at posting:
4.3¢ Sentiment: Hold Disclosure: Held
