I popped a technical question to Phil a couple of days ago, and, for the first time out of many emails I have swapped with him, haven't heard a reply. That to me means he's in the thick of it, possibly concluding something quite significant that we may hear about very soon (eg., signing off bank funding for Rincon, Fe contracts, etc etc). We're in the calm before the storm -- don't forget we'e about to be hit with independent valuation reports for the demerger, Fe JORC estimates, confirmation (hopefully) that the pilot plant is up and running at Rincon, a timetable for the demerger itself, then the demerger to follow early next year... and so on. There is much to come over the next few weeks.
To sell now would be like waiting for a nice meal at a restaurant and then giving up and walking out just as the waitress appears from the kitchen with your nice steaming plate of grub.
ADY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
