Might not agree with the colour of shirt Sharon is wearing on the day, so we decide to delay awhile. HAW never planned to develop the Iron ore and has always been chasing the gold. The ore was just a bonus discovery, hence the reason it was basically given away to LCY to explore/develop.
Bottom line is, 2 can play a game of hard-ball. LCY don't have all the cards in this hand.
We have plenty of money to continue developing our Gold interests and hold up LCY's Indian overlords plans of 2015 development.
IMO the share price was getting sold down as the market was unsure if another SPP was on the cards ... now that we know it is not in the immediate future, some confidence has been restored and the Share price will start to go back to where it was.
We also now know that LCY have made an offer and want 100%.
whats going on , page-56
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