news on the way, page-12

Well 22 million's a lot better than a kick in the ass with a frozen boot. They're using .5gr as a cut off grade which is far too high for a simple re-grind according to my mettallurgist. Now all we need is a positive progress report on Cyclone and the Chinese will begin to complete their takeover. They don't need to make a profit in Australia on Cyclone , their strategy is to process raw product in China for use in China and as such will be accessing these sands at below Australian refined production cost. However, now that Tick Hill's kicking in they may have to bid a tad higher than they want to. So far I've predicted ( guesstimated) the demise of the original Fawden management and replacement by Chinese. I think I'm spot on again but what bothers me is that the Chinese takeover offer will be miserably low . The only thing IMO that can thwart this is some entrepreneur snapping up a sixeable chunk of shares at <1c . Interesting times ahead. Perhaps Pioneer will back itself. The mind wanders.