shipping date pushed back 6 to 9 months.

If that was the headline instead of "IronClad appoints blah, blah..." I think the stock would be lower. It may not be advisable to listen to me since I sold the last of my stock at 50c at xmas. I would say though todays steady response could be a very good chance to sell. Not a lot of catalysts this year now. I mean the approvals for lucky bay will come thru, barge sails in, even mining starts. Nothing really unexpected. Bank financing could come through but that may come with new projects costs that could shock some. I guess depends on what you think about option take up. I think that will likely be light. Just my guess.

I've saved myself many a time cutting things down 10-20pc on bad news as people refuse to accept their losses and pray for a miracle. That's why I get away with running big concentrated positions in these specs. Here you can cut flat on bad news or up 60pc from the lows. Just my view. Probably wrong again.