post div sp, page-5

Hello MB.
Let's break-down your post and I have a few question's I'd like to put to you in return.

"Have a look at QMN" .... Why?

"lots of resources in Cloncurry " ... yep, they're all over the place, but which is the best company-maker? White Range? (yep). So what are they going to do with it and when?

"very little value in Market Cap." Where has the buyer's shareholder's faith gone and why?

"Some of the assumptions re SP after div look far too high " ... So what's your spin on it? How much do you think it ought to be worth post div?


"Does anyone out there think that Directors should have kept the mine and developed it themselves using White Dam cash ?"
On this one, I agree with oze. Nope! Why not have $175m in your hand in exchange for a few tenements. That's what MA meant when he said to do the best deal for shareholder's. The price will get back up there soon enough.