re: Ann: Exciting New Strategic Initiatives a... larger vol than...

re: Ann: Exciting New Strategic Initiatives a... larger vol than usual. DML/SDL experinced same when takeover group pulled offer, then ultimately suitors dumped their stock...

wonder if dingyi will bail or use a back door to acquire this amazing asset.

very much like the fact that only 15% explored, and just on that alone project was worth NPV of $3bn (detail from takeover docs)

comparatively, SDL has amazing iron ore asset too, as does DML (copper) (but I rate SDL a better comparative as has great grade but high capex costs to get it started-similar to ELM), but chinese suitor walked from both after dragging feet & other shareholders for ages.

Love the games the Chinese play. Want assets DIRT cheap. Good thing that even though iron ore demand is cyclical (and slowing dramatically now), FOOD will always rise with poplulation and will always be consumed, rain hail or shine.

GO POTASH...