rum jungle, page-2

picking up a few cheap phosphate assets has transformed rum jungle resources, taking it from 4 cents 6 months ago to 65 cents on friday. tty deciding to sell 5.5 million at 42 cents on a strongly rising market beggers belief.

i wonder if the projects were offered to tty but rejected because they didn't meet noble's desires. the board have shown an extraodinary lack of vision in developing territory resources and diversifying away from its high cost, high strip, low grade, short life, low tonnage, highly bottle-necked (and it would seem exceptionally & unmine-ably wet) iron ore operation.