Eyeoverit, I'm not sure if 2013 will be better year for shares. I think it will be the same, because German election & past history shown US 2nd term president usually worse than 1st term president. I remember George W Bush just enjoyed playing his golf game while the whole world collapsed during GFC, until Wall St CEO begged him to do something.
Nose! Yes, my mistake you did say 6yrs after they decided to use IMTK3. But you failed to recognise in 2011 (only after 1yr started IMTK3) they only produced 100Kt out of 500kt so of course was running at a loss. It was more like testing and experiments, modifications & fix up bugs.
Mesabi got Kobe Steel to invest 19% in IMTK3, so that's something Brett needs to do. Also Japan can borrow 0% interest for almost forever. Why Brett wasted so much time knocked on Chinese doors? Chinese only want DSO, put on ship & run... not interested in MPI.
There is some hope, but IMHO not great. I'm just keep my eyes on this one.
LCG Price at posting:
2.3¢ Sentiment: None Disclosure: Not Held
