Post by
rpdeluca on May 28, 2013 3:46pm
Bottom Line
As we all sit here frustrated, upset, angry, you name it, the bottom line is that the recent events within the iron ore industry has hurt all junior players. We can sit here and blame management all we want (and trust me they are not perfect and do have their faults), but all we've heard in the last year is a combination of cost overurns, high CAPEX, lack of capacity and even disasters of bankruptcy like Northland. Throw into the mix all the talk of iron ore over supply and low prices in the future and you have an industry that has fallen out of favour. It seem like we cannot catch a break. The Chinese see the same information that both you and I see so you would be kidding yourself if you think they are not having cold feet with all of these projects. They have been burned before in countries like Africa and many that have invested in the trough are realizing that the deal they thought they were getting might not be what they had signed up for. So if XDIP wants to sign this deal, they want to make sure that they have covered off every angle and scenario possible. Unfortunately it means delay after delay after delay. And we the shareholders suffer.