now s the time for management to face the fact that they cannot remain independent without a partner to finance.
If they care about shareholders they should at least come forward & openly say they would be intersted in a merger or sale .
if they hold out till the spring & ore price falls they will have to put on care & maintenance, so at least now they have opportunity with a bit of negotiating power. They could easily negotiate an offtake with neigbour NML. TATA need the ore in europe, cost savings could be achieved via that route imho