They are an attractive target - especially if you were say sharing a massive iron ore deposit with them already....
They have cash in the bank - check.
They have 30% of a near active iron ore mine - check
They have an extremely large lithium deposit - check
They have a cash generating drilling business - check
They have competent management - check
Now that the oppies have been exercised this - at least on paper and away from the more global economic picture - should be on its way up rapidly.
If I were a cashed up iron ore player - I'd be on the drawing board right now to work out how to take them over.
Thats just how the spec end of town works - survival of the fittest.
locked and loaded, page-5
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