there's always 2 sides to any story. bitter & sour grapes - no, just surprised at how people think changing the jockey makes the horse change from a nag to a thoroughbred. black caviar or dobbin, your fate is set at birth.
if you *believe* in windimurra, you happily hold on as your shares fall from $2.40 to 40 cents and think everyone else is wrong. blind faith in the resources sector will lose $$$ every time.
if you don't *believe*, you sell out at $2 after making a 50c/s profit and thank your lucky stars you didn't hold any longer. i did this twice, once with PMA and then with ATI.
i've researched vanadium in general, and discovered it to be by far the worst commodity to be a primary producer of because you get slaughtered by secondary production. windimurra has "got its donkey about-face" in that its trying to produce #1 vanadium, #2 iron ore. anyone who knows what they're doing produces steel #1, vanadium #2; or power #1, and vanadium #2 (from powerstation ash, of all things). vanadium is a by-product or co-product, not a primary. that its taken 3 attempts at windimurra is both astounding and amusing.
give me a thumb up or a thumb down, but don't sit on your thumb wondering what to do, because i could have moved 7 tonnes of FeV80 in a wheelbarrow 400km to geraldton in the time its taken ATI to produce it. to meet production forecast of 6,300 tonnes contained vanadium they need to produce 21 tonnes FeV80 a day... go figure.
you'd be better off sitting down and working out the project NPV instead of wondering about my motives. i made my $$$ of this one a while ago. will MM turn it around, who knows, but Windimurra is financed at junk-bond interest rates - if that fits your investment strategy all well and good and i wish unsecured shareholder all the luck in the world.
as always, DYOR. don't listen to this old soused mackerel, we all have our own agendas.
ATI Price at posting:
43.5¢ Sentiment: None Disclosure: Not Held
