Having been away from reliable internet connections for a few weeks, I have now read enough on the MIN takeover to formulate an opinion, and have decided that we long-term holders are stuffed. I agree with those that believe that falling into bed with MIN was the only option open to POL directors......but only because they werent able to achieve a result by themselves. Pity. We had far more going for us than many juniors, but they just couldnt handle it. Many of us hoped for a buck or 2 eventually as a reward for 5 years of patience. Aint going to happen, imo. Unless Lion offers 60c+, we will get about 60c value when MIN gets to about $10.We will get our $1 value when MIN gets to about $17-18. Is that likely? Possibly, when Weelamurra gets up & running, maybe. MIN has had everything handed to them on a plate. In return, the directors keep their jobs, working for MIN as iron-ore advisors!!!! Damned if I would employ them...they didnt achieve much for us. I'm going to hang in till Lion announces its intention, and then move on to something else......hopefully where my interests wont be sold out for a pittance. Disappointing after all these years, but c'est la vie. Good luck to all.
GZ
POL Price at posting:
43.0¢ Sentiment: None Disclosure: Held
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