The main paragraph imo is:
"They just don’t seem to understand that the time to build major capital projects – and make what may seem like expensive and counter-intuitive investment decisions and acquisitions – is actually at times when metal prices are low. This will enable them to reap the rewards when the mining cycle picks up again as it inevitably will. That is
the way the world’s mega miners built their real wealth."

I also read that in the 1930s many multi-millioners came to be by buying distressed assets.
The key is to have the means to do it. Smart ones accumulate wealth in good times to use it in distressed times to the distressed peoples disadvantage. Only yesterday I saw on TV that in the States some entities are buying up houses at a tiny fraction of their original cost because those houses were subject to foreclosures and now can be had at auctions and similar means.

But Ed what relevance is it to us and the Ring? You are just clogging up this forum with trivia.

Maybe not, just look at Cliffs and Casablanca. Here is a fund that executes just what that article was about. Cliffs should have banked some of it's value during high iron prices to use now to buy up the remainder of Ring's chromite.

But what the heck, we are Noront holders.

There appear to be attempts to drop our share price and there are at least two interested entities with foot in our door, namely RCF and Bao. These may not be in to aquire but for guarantee a supply of metal and quick profit. But there are many other potentials.

I have been loath to support our managment's 'under the radar' method of the past, but now is any one not in favour of us being kept out of high visibility?. We could be a serious target, hence better to lie low.