Good old Mexican standoff looming as sellers are now keen on...

Good old Mexican standoff looming as sellers are now keen on keeping for the qtly and buyers are tight with their capital in tough times. Last time we were 3 cents was back in June exactly the same iron ore price as today ( but on a downward trend and shipping costs increasing. FFWD to today upwards trend in prices and a lowering of shipping and fuel prices. Bodes well. The interesting thing will be with the company changing to annual reporting on a calendar year will they produce an annual report and attach a final dividend to bring them into sync even a small .0014 (half of their last dividend) and would only cost the $2.6 million to deliver. That’s only a months sales at today’s prices. ( conservatively using last quarter’s sales rates) This would represent a 4.6% return on a 3 cent SP.
GLTAH
CHEERS Rb