Hi Ralli,Company not coming out with much info.Friday's pseudo...

Hi Ralli,
Company not coming out with much info.
Friday's pseudo announcement contained zero info that hadn't been available a month ago.
Some comfort that SP rebounded from 67c to 80's so quickly[although on small volumes], I'm hoping that the talks they had in Sydney contained information about where they are at[be nice if they shared it with the rest of us].

Worst case for me is
1. Bindoon a no go area
2. 12 to 18 months delay on DSO mining in another area.

Probably means 10 to 15 million dollars at most[costs plus loss of profits].
They have enough cash to absorb that. Still a reasonable price at mid 80's.
If outcomes are better than that, or they have announcements brewing on alumina, price higher.

New staff look to have a good skill set, hopefully better able to proceed from explorer to producer.
Don't think the firm is a fake, just not as clever as they tried to portray themselves.
Should still be ok, China/bauxite still a compelling story.

cheers