It is interesting that someone is still buying . . . they must think that at such a discount there is value in the assets. The Iron Ore price cannot stay this low forever . . . with governments continuing to print money to resolve their budgetary problems this action must have an inflationary impact on "Hard assets" like those we have in the ground and never look like extracting. So who is bold enough to be buying at these levels? Is that you Thadius?
And I wonder what plan our esteemed board has for survival . . . . given that all their plans for mining have failed terribly. For the sake of shareholders, will they plan to find a buyer for the assets and return whatever is left to shareholders . . . or just wait till the ship sinks and close the doors?
Who wants to bet that the Chairman's message at the AGM will be a repeat of the waffle from previous AGMs. . . . no substance. I wonder what they are actually doing for their salaries?
Is anyone planning to attend the AGM?
TRF Price at posting:
2.3¢ Sentiment: None Disclosure: Held
