GoodspeculatorNo news has invariably been bad news with this company.
When people use the expression "do your DD" they mean the good the bad and the ugly, not just "read press releases and listen to Heavymoney". Had you done anything resembling DD you could not possibly say that no news is good news. You would have to remember the last Rio Madeira deal, as well as the Amazon "cash flow", the Jaburi Deal, the Carolina bulk sample (dust), the Fugro aerials and a few things I may have forgotten.
I think the Jaburi deal is most instructive. There was no news... When it finally leaked out, literally years later, someone else owned Jaburi. Period.
Right now we know that Ferrometals seems to be acquiring Rio Madeira. What else do we know? We're supposed to be part of the deal... but are we?
You make a good point about the stability of the price, but it isn't heading north. We need some confirmation that our part of this deal is on track. Barring that, we should look for some production numbers from our own operation at Valdirao. Something anyway.