Maybe... but let's face it. If I owned a 1 acre block in the Pilb I could post a resource update of basically 57% Fe for everything below me to a depth of 500m.
This has nothing to do with resource, port allocation, rail....etc.
This is all about one company wanting to buy another and using very nasty method of prising old Hotfire's shares from his tight little grasp at a cheaper price than he would have been willing to accept 12 months ago..... IMHO. And, given Hotfire would now accept 3.40 it is working.
They will use any downturn to push it down and will short the upturns until defeat.
AGO Price at posting:
$2.17 Sentiment: Buy Disclosure: Held