It took approximately 2 months from the initial announcement to finalisation of the Baralaba North contract win.
I'm not sure how long it will take before there is something definitive in relation to the arrangement with RIO, but one would naturally assume it's not going to happen in the coming days or weeks. This will allow those with eyes on a big prize a window of time to accumulate.
If there is no bad news pending, then the only plausible explanation for the current deterioration in the share price is manipulation at play to allow some serious accumulation.
Eventually the shorted shares will have to be returned which will ultimately result in a swift move upwards.
If I am correct, then we just sit back and wait.
Happy to read other holders views.
Parma.
Ann: Rio Tinto ECI Contract Award, page-6
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