I agree they are looking for a JV or other type (takeover).
As I keep saying, they have clearly shown they are unable to run this properly themselves despite drawing wages that say they can.
The last paragraph of todays ann says it all....
'Beyond calendar year 2014 the Company will continue to look for opportunities to accelerate the development of the Big River assets and to unlock the US$491 million of NPV already associated with its 3P reserves'
translated - looking for a JV / takeover at fire sale prices
what a joke Fry, Prentice and the rest who are charged with running this.
No wonder investors are headed for the exits.
RFE Price at posting:
13.5¢ Sentiment: None Disclosure: Held
