Good post One ball.
I agree, if they can move fast in the next 2 months and list Rincon via an EGM things will move quickly with he share price.
The ion ore will improve dramatically with signing of 10 year contracts with WISCO and Shougang and will take away all debt funding concerns.
If these 2 things happen expect 35-45 cents IMHO.
Given PT states SUBSTABTIAL PROGRESS has been made in the quarterly, it looks like this will happen in the next month. This week is big as it should give us a result with the iron ore contracts. Chartwise, it has bottomed.
Looking back when ANZ dumped 103 million shares on market, the price could still not break below 16, so this is definitely the bottom on light volume in comparison.
Good post One ball.I agree, if they can move fast in the next 2...
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