I have been looking at African Iron (AKI) for comparative purposes before that company disappears from view. Exxaro takeover is now almost completed with a great result for those of us who were holders.
Initially I purchased WGO as it is also located in Congo and have been prepared to wait and see.
The main differences between the 2 companies are: 1. Rail distance from port 2. Terrain 3. Accessibity to site for personnel and equipment 4. Apparently the ore at WGO is at greater depth
I am left wondering and am at present tossing a coin to decide wether I should look to Buy on a fall back or Sell on a run up.
Apparently some posters think there may be a SPP for existing shareholders. Is there any substance for making that assumption.
As always interested in holders points of view.
MBM Price at posting:
28.0¢ Sentiment: None Disclosure: Held