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
Gretelle 07
9 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..
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 ,
already stay in touch with my lawyer, in case AMI goes down
hefty kickbacks , didn't say , just copied , and past , . what I've said , few weeks ago , half of the money has evaporated since AML started , spent for nothing , useless equipment ,management consulting etc. etc . is a long story
4unme , desliming, etc, etc . its only iceberg peak , to the best of my knowledge , money spent
then wrote to the best of my knowledge, there lots lots lots more , said before , thy should run NEWSPAPER KIOSK NOT WORLD CLASS MINE
no , no just forget write , I can only laughing , when read phrase like rickyroman 18:14 ...wrong equipment..... ....I struggle with that one.....if you are spending millions of dollars and the CEO is ex-Fortescue, it must have been shockingly bad advice to buy the 'wrong' equipment. Maybe, and more likely, there were some heft
to the best of my knowledge, there lots lots lots more , said before , thy should run NEWSPAPER KIOSK NOT WORLD CLASS MINE