I remember his statements when it fell through $2 that they were...

I remember his statements when it fell through $2 that they were conscious and concerned that they were a takeover target.
You are right though, no spoken word can stop this nonsense, money talks bull.... walks and the big end of town can push this wherever they want.
The market can stay irrational longer than we can stay solvent.
???? At what time does the value of the port expansion come into play, forget the mining of IO business - EV $750M/50mt capacity = $13/t one off capex + actual further dev costs, all sounds a rather cheap access play for a major looking to get their stated IO supply increases onto a ship.