well said treefeed. i'm curious as to why anyone would have held onto this slow-moving traincrash despite all the evidence that it was a basket-case with 999 ways of a failing and only 1 way to success. talk about having to line up ducks.
anyone who was bedazzled by minosaura dipping in endless cash and thinking it meant he wasn't stupid is dillusional. it just means he's desperate, can't raise money ANYWHERE else, is maybe in love with windimurra and maybe his own reflection in the mirror. it could mean anything, but it certainly doesn't mean windimurra definitely is in good shape.
someone once said "don't fall in love with stock"... well, anyone holding now must be in such an infatuated state of denial, the company could fold and they'd rather blame me than their own shortsighted failings in commonsense.
HPGR gearbox ? god knows how that's got broken, its not like its been doing much work. but with windimurra its 20% mechanical, 80% chemical. if they're blaming a gearbox IMHO there's issues elsewhere in the roasting / leaching / precipitation / drying / arc-ing that they're not admitting.
take a look at a photo of their FeV in previous announcements. all the white stuff looks a bit like alumina (Al2O3). absolute killer if it is. and no shipments since they put out a few tonnes months ago - that's more than just a few splines stripped off a driveshaft.
ATI Price at posting:
31.0¢ Sentiment: None Disclosure: Not Held
