Not sure what the "sweetner for long term shareholders" is within it.
Take a look back at the company presentation given as recently as March this year.
Back then a rail deal was supposed to be bedded down by June, the capex costs were $1 billion and production was due to start in the first half of 2013.
Production seems to have slipped a year, the project costs have risen substantially and a rail deal appears still to be in fairy land.
Anyone else remember back in 2007 when the project was going to be "fast-tracked" into production?
It's hard to be eternally optimistic when the milestones keep slipping and rail is forever "around the corner".
Still the numbers look good .. which is what the market expected, hence the sell-off today.
BRM Price at posting:
$3.82 Sentiment: Buy Disclosure: Held
