re: Ann: Company Insight Interview - Updates ... TarskiB , I...

re: Ann: Company Insight Interview - Updates ... TarskiB , I admire your resilience, but how many times do you have to be kicked in the nuts before you let go ? I agree that IO price is absolutely crucial to IFE's prospects, but wild volatility is a killer. Although Finch suggests long term price is in the $120 - 130 tonne range everything I am reading suggests it is likely to be consistantly below $100 with some pundits suggesting $70 or lower (and yes, many of the big producers can still make a profit at that level). The last we heard from Finch regarding production costs was $85/tonne (as with all his announcements, I take that with a grain of salt because he has demonstrated he has no idea of requirements to get to production). There is no prospect whatsoever of any debt funding for this company. Can Finch find some more suckers to front with equity of between $17m and $35m to get ore on the ship ?? there is a faint possibility but for that sort of money they are going to want to own the company - existing shareholders will be diluted out of existence. TB, you may still get 25 cents as long as you don't have more than 20000 shares !