Billion dollar decisions are not made overnight.India needs the...

Billion dollar decisions are not made overnight.India needs the phosphate and have not been able to get a reliable long term source. NMDC clearly said they did not have expertise in fertilisers, so would be treading cautiously and are perhaps relying on others to assess the decision. NMDC have clearly indicated that Wonarah seems a fair dinkum phosphate source and they were interested but they needed more time to check things out.

I know things are hard with shareholders, including myself, losing money but I believed there was a good story here. That belief is being stretched but I have not totally lost all hope here, otherwise I would have pulled out a long time ago.

At my own risk, I'm going to hang in. Others should decide on their own assessment and circumstances, and not rely on others views, including mine. I could be totally wrong but I do not think so. All the best to everyone with their decision.I'm not selling out to UCL, their dilution will be significant when they raise funding for Sandpiper. I have also read that there is some opposition from the locals regards damage to their ocean ecology due to dredging.

Any reason for the slight price rise today on small volume. Surely not that announcement?