The crushing news wouldn't be that the current contracter is pulling out due to the non payment of invoices would it?
TTY don't pay there invoices and this leads me to the conclusion that there is little money floating around let alone making profits.
If MCS does pull out then this stock will be F%^ked, how can they meet shipping timetables when the ore is still on the ROM? This dog of a stock had it day and will slowly grind to a halt, I only wish that I had sold on the first shipping announcement not after the prolonged and vague trading holt agreements that have made no one wealth period.
Good luck too all current holders which I am not one anymore, there are better iron ore plays out there let alone companies with better cash earnings and growth opportunities in other sectors.
TTY Price at posting:
17.5¢ Sentiment: None Disclosure: Not Held