SP Price21 Apr 2018 20:43
I've read these boards, twitter and all the RNS's for months and the amount of mindless repetitive crap is mind boggling. I admit I know nothing about this industry or even stock markets but how can reposting the same shit day after day actually help. What will be will be. As for the share price, please correct me if I am wrong do we know for a fact that there are talks underway regarding a buyout, JV or something along those lines? No. Have the tests result come back stating our Iron can even be used? No. Is there a confirmed route to market yet with all obstacles removed and guaranteed use for our Iron? No...
Until one of these changes or is about to change then surely we shouldn't see expect to see any large movements in the SP. What we do have is a Sh@t tonne of confirmed Iron, with even more potentially in reserve in the ground but unless someone can do something with it is worth 0!
Now before people question my agenda here it is. A spec dividend with a free carry and dividends once the mine goes into production would be nice but I only have 10,000 shares and yes it would supplement my small earnings nicely. However an outright buyout would be my preference. �4 would be amazing, based on scotology figures �8 would be amazing. Either way it would allow me to clear my debts and substantially increase my deposit to buy my first home which is my end goal. But like I said we still have a lot to overcome before we can still look at these figures realistically. Hope they don't take too long though!