Drs - thanks for the compliment
Baukaw - thanks for the lecture
Some say Money is made at the bottom of the cycle, when there is blood on the streets,. China know this and got the deal revised down more than 20% back in August.
But China played their long water torture game a few months too long, and the tide has turned.
Hedge funds and retail investors can choose to give in to the water torture because they are mentally scarred OR take the opportunity that has presented itself - China have shown their hand that they really want the ore and, if they have to, will pay what it takes to get their hands on it!
No vote makes sense. Why would you accept a bottom of the cycle deal when we are no longer at the bottom of the cycle?
Like everyone else, I am over it, but I am not prepared to throw in the towel when the window finally arrives where we can get a decent price for our Sundance shares.
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