We have been stuffed around for a long time.
The sooner the merger takes place the better. I anticipate and pray that it will be well supported by the Chinese so i can finally exit this stock in the green.
Given that RDI will hold the right to mine 10 billion tonnes you can be assured that Shougang and RDI will want to enlarge the scale of the Balmoral South project to improve financial returns.
Have a look at the recent trading volumes in this stock compared to its peers. This stock is dead man walking and the sooner it disappears from the ASX the better.Particularly in this environment where the market has no appetite for uncertainty/lack of clarity.
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