African Minerals Forum

we will see, he is making choice , mean GB, what i know and already told , he is Boss now , so I'm sure they will be changes in Senior level

liu, you mean he cannot rely on AW or on AW's people??

Good can't complain , no news about AMI ,
GB is build a senior team, think he can't relay on AW people

will see.. fyi

liu, anything to report??How is your new job going?

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Shares in the company have dropped over 90% over the past year, and BC Iron is expecting that continued weakness in oil prices and the Australian dollar helps it preserve margins

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Gretelle 079 Market value Sorry to burst your bubble on what the fair market value is, but at current iron ore prices it's Zero. The mine is uneconomical at current prices and will lose money even after the huge upfront investment that is needed. What would you pay for an asset that is going to cost you money to own? Nothing. It only has a value if you think IO price is going back over $90 (a realistic break even price), no-one is forecasting that and no-one would base an acquisition business case on an optimistic return to these prices. That IMO is why Glencore etc aren't involved (who could outbid SSIG should they wish), it's simply because they aren't interested and certainly IMO wouldn't pay anything that would leave shareholders with anything after settling the debt..

liu, the total debt is $700 million.If we lose so do CRM, FT , and GB .If we get 50p a share that is Worth 3.5 million to GB

all of seems forget about billion dollars debt , , SISG don't want pay it , none want , AML GONE , DEBT GONE , then start fresh , again same BIG Family , FT, GB GoSL, Chinese ,