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