The market certainly doesn't seem to be agreeing with the rosy view of most posters here. On the surface, the announcement re mill acquisition seems a positive, possibly more so from the point of view of speeding development rather than getting a great bargain (noted the lack of $ figures in the announcement).
However, my limited experience on the ASX tells me that the "market" often knows a lot more about what's really going on than I do, so I do take the steady decline in SP as a real concern, not just a case of the market getting it wrong.
J
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