Anybody considered maybe in the time they have been in trading halt they have been looking for other resources suitable for benefication that are located nearby? Even if it is third party ore. That way there would be no wasted investment in plant and we could utilise what we already have even if it is at lower than anticipated margins for a time. That seems like the most logical solution to me. Maybe laying all the cards on the table with previous negative announcements before revealing actually not so bad is a strategy to reduce price slide. Seems plausible. David Mendalawitz was exploration manager at FMG, I'm sure he is more than capable of finding a suitable resource in India. I think everyone needs to calm down.
IOR Price at posting:
6.9¢ Sentiment: Hold Disclosure: Held
