Ann: Mt Caudan Iron Resource Upgrade , page-6

Well , still no deal with the Freo Ports . Amazingly long drawn out saga .

I notice the wording of the announcement says they " awaiting details " , this is perhaps a hint that they are getting allocation but the amount is still in question .

Clutching at straws perhaps .

My source is at a loss , he thinks they are well and truly ready to announce . Obviously they are not . I am still digging but nothing is coming up .

This stock appears a bargain , the risk of non allocation overshadows a progressive company .