let's not hang draw and quarter them yet, they probably misjudged their strategy with the drilling but the ore is there. They got the land for a song. It is strategically located, primo real estate with infrastructure. And they hinted strongly they'd like to sell ore to BHP.
They have a JV with Norsk for bauxite. Not a bad effort at all.
They need to get someone know who is focussed on moving this forward asap but despite a little disappointment (especially today, which for some reason hurts me more than the retrace from 1.60 to 1.20) they have done a brilliant job over the past 12 months.
Bungy says they are going to promote it, they probably realise now they misread the market in how they presented the results. I still think it is on track for long term holders....or am I blinded by optimism?
thank you, page-14
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