ann

Howdy all (well, all 40 or so people who ever look at this thread).

To me today's announcement (22 June) is very positive and yet buyers have vanished and sellers have increased.

There's a fair bit of ore, proximity to port, offtake agreement, plan to be in production in 2012, and a claim that there would be cashflow positve within a year. OK so these last 2 points are 'claims' but they seems pretty valid to me.

I don't get it. Why the SP drop (other than the fact that it's a down day on the market and China is supposedly the driver of this).

cheers