Preso leaves no doubts who the targeted audience is, razorback is translated to ‘red dragon’ on the first page, perhaps Fliss is reading Oly’s posts? This has the feeling of GBG’s initial run from 8 cent to 70 cents a few years back. By the looks of it red dragon isn’t going to get bogged down in EPA and infrastructure red tape like Karara, the other lesson I hope ROY can learn from the GBG-Ansteel template is to avoid the amount of dilution GBG went through. Key question now is will the Chinese partner get involved in the initial cap raising.
MFE Price at posting:
11.9¢ Sentiment: None Disclosure: Held
