Thanks 4Walls for explaining to me on the other thread why the local funds couldn't buy in post jorc.
This situation could then change with a positive upgrade in tonnage and grade Q1 or Q2 2011?
The problem the local funds will have is that there wont be much free float kicking around by then (a good problem for long term holders ;-)).
Whilst I hope M&G/Vanguard are in it for the long term, they're now certainly going to be in the box seat as more of Rocklands is 'unearthed' in due course.
I still think they've a good history of seeing long term value and that would indicate supporting the company through to mining, and definately defending against a 'low ball' TO.
CDU Price at posting:
$4.53 Sentiment: LT Buy Disclosure: Held
