MFE 0.00% 1.0¢ magnetite mines limited

Micky,In fact GIR did nothing with the iron prospect ROY sold...

  1. 2,000 Posts.
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    Micky,
    In fact GIR did nothing with the iron prospect ROY sold them. They apparently very quickly moved their focus west where they had bigger tonnes, closer to a port, so vindicating ROY's decision to divest. (in fact, it is very arguable that Atlas bought GIR for their port capacity, not their resources, as they did Aurox).

    ROY sale of their GIR holdings certainly would have been better 6 weeks later. They obviously did not have the crystal ball you have! A three fold increase in deal value was not bad - you can't go broke turning a profit.

    Razorback appears to be traveling the path set out, so focussing effort might be a good thing, especially given that Shine is not under their control?

    Woof!
 
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