The Spinifex Ridge Iron Ore Mine continues to outperform budget expectations. Ore tonnes shipped during the September 2011 quarter total 257,267 wet tonnes from the three shipments scheduled for the quarter, a 20% increase on the June 2011 quarter.
On this basis, with the share price at a recent record low, is the company being set up for a takeover?
Would be interested to hear other opinions on this possibility?
share price decline - takeover opportunity?
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