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  1. 395 Posts.
    I agree the sell downs are not isolated but I have decided at 16c to sell and wait for concrete proof of contracts, JORCs and more importantly results. If its 30c or more by then so be it! Eliminating risk is a good alternate strategy (for me).

    About PT I also remember him getting snaky on Q&A on 1/5/08 when someone questioned whether the $40mill for IO expansion was in the bag ie that Shougang would sign. This rang alarm bells to me at the time. There is no need to get snaky over a question the market still cannot answer nearly 4 more months later-none. You can't just say 'Trust me'. Who knows when it will happen or IF? SP is rapidly declining meantime.
 
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