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well nectar, i'm not sure tuskers brimming with enthusiasm over...

  1. 10,824 Posts.
    well nectar, i'm not sure tuskers brimming with enthusiasm over these guys plans to sit back, scratch around the current operation, and not grow the company. maybe noble have changed their plans. last month there was a $500m bankroll for new projects, so the ceo should have better strategy that to say it's all been a bit too hard and we'll try later. not a good sign. are they expecting to be given a project, rail, and port by rio / bhp / fmg / mmx / grr / mgx / ago / rinehart just because they can mine at francis creek in the dry season ?

    if the company's growth plan is to carry on mining 2 million tonnes a year us shareholders will have to keep getting excited each time the share price heads north of 30 cents, because 50 cents will stay a pipedream. mickey mouse could run the place using state rail and state port facilities and make a tonne profit on a sales price of $110/tonne - no need for the self-congratulatory flagelation in the media.

    great project - tick
    great location - tick
    great product - tick
    great share price - errr no.... too much baggage still hanging around this company

    nectar - what are your thoughts on why the market cap is so pathetically low ?



 
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