u got lucky. know that one well - miracle it survived. Your main mine will never produce again - may as well sell water rights, the other mine doesnt have the shine nor the reserves of capricorn.....insurance recoveries saved your bacon - for now.
hope you're right - mkt is telling us otherwise though.
both fell the same way from lofty highs, both listed worth $$$Billion$$ yours because your mine turned into a dam and Mt Isa gets 1000mm a year (its in the tropics!), ours because we took out $400m to fund expansion and growth?? chalk n f_n cheese.
29M's fall is warranted......ours simply because we wanted to expand, make unit costs cheaper and become more efficient then a mkt downturn hits us???
go figure....
this is your capricorn now: lol
CRN Price at posting:
13.5¢ Sentiment: None Disclosure: Held
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