The companies announcement to me does not sound like a disaster rather prudent management taking the right decisions at the right time.
The release also emphasises the fact Africa is not effected nor the magnetite project which i expect will be sold off imo.
Whilst disappointing, the ann sounds assertive and even positive. I would not be surprised that the administrator is looking to sell the project as a going concern which may be attractive to a larger miner who can leverage operational scale. As such I expect this will be wrapped up within a few months to positive effect.
I also expect good new out of Africa on the Ni front and assert the market has grossly over reacted as it usually does.
atm the stock is a good high risk punt. Personally will be doubling at these levels
GLTA
IXR Price at posting:
2.5¢ Sentiment: None Disclosure: Unspecified
