Joe, hi Sorry, I have no idea. All I know is I cannot sleep with our Board in charge of our Iranian asset. They are just too Iran dumb for my liking. Marwarid Mining are sure to want Mehdiabad. They seem like a big a mining company, and Oman has reasonable relations with Iran: they helped resolve the 3 American hitch hiker hostage drama.
On the other hand Iran might just think it has nothing to lose by completing its theft of the project. We are owed $36m at the very least as far as I am concerned, and I am not going to let our Board get away with this zero value garbage. It could be very bad news or quite good news. No idea which. The best news for me would be if the Board just left my stake in Mehdiabad undiluted. I am happy to wait for a new Government in Iran: it just could not be worse than the existing one!
UCL Price at posting:
12.0¢ Sentiment: Hold Disclosure: Held
