Gents,
when you find you business model doesn't work-you change it.
when you find your investment model does the same-you change it.
when you find your mining models aren't profitable enough-you change it.
However,
its the point when you honestly do your accounting to date that matters.I've done mine---No one to blame but myself for my investment decisions.Time to get real.
Shandong are doing theirs at FML and to the great benefit of FML shareholders.When was the last time you honestly felt like you knew what direction FML was going and what future production would be as well as QTRLY/half year figures.
From here everyone can move on.Lick their wounds.Blaming CW for anything is like blaming your dog,for not telling you your mother-in-law is moving in.
Seeing the signs of any direction in any business is why a businessman i know still does the accounts himself to monitor its changing direction,to catch any drifting in demand or need for services.
Hindsight is wonderful and foresight is only bound by what you can actually know.
Even those crowing now were never able to justify their gut feelings by any actual facts as they placed their negative views.
My gut feeling now says Shandong may in fact be the maker of an efficient FML,in more ways than one.Certainly they are setting the board up for hardball with royalty holders and suppliers and wanting plant running 365 days a year 24hrs a day.
I do have the actions of the last few announcements to back up this view and it is positive for the future for operations at both producing sites.
DYOR+DYODD - Hopefully for existing shareholders as well.
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