Despite being negative about TMR in recent weeks I'm not has negative about the SPP as others other than it merely reinforces my view of management as being spinmeisters. If they genuinely need money for operations then I don't have a problem with this although I think 15 cent options is a massive free kick.
As far as TMR becoming a takeover target, if people are thinking about the copper assets then in your dreams. Geez something like copperco is already producing 19kt per annum copper cathode at cash cost of 83 cents. Why would OXR (cash costs under $1) but something that is currently a dog (cash cost $2.39)?
In any case I'm still hanging around for the enxt quarterly before deciding what to do about this thing.
news, page-54
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