Perhaps YOU don't understand that some of us longer term IO investor do actually realise that magnetite ore concentrate requires extra processing, and we aren't just trading in and out on spurious announcements, hoping to make a quick buck.
Leave that to day traders.
You can't blame China for wanting to shift any potential pollution involved in the supply chain, to somewhere else.
Semantics aside, the fact remains China are increasingly interested in Magnetite.
If pollution problems over there aren't reversed there may come a day, IMO, where magnetite ore may come at a premium to DSO.
A lot of "post announcement" down rampers, who were too busy firing off cheap shots, and completely lost sight of the end game: exporting magnetite from the mid west.
At the end of the day, how Oakjee gets built, and who funds it, I couldn't care less.
PDY Price at posting:
0.3¢ Sentiment: None Disclosure: Held
