Ann: Appointment of Managing Director , page-5

Thanks P. Whilst I am new here, I'm not new to IFE. I underwote part of the IPO at $1.00 and did well. I sub underwrote part of the option exercise earlier this year, unfortunately. As stated, bought more last week.

I agree with just about all of your post. The amendment to the port agreement would be great, but any improvement in the SP from that announcement will be short. I stand by my comment; They need to focus on exploration and increasing their DSO reserves.

That is the only way of attracting attention in the market place and increasing the market cap. And it will give potential funding partners some comfort in this lower iron price environment.

The market doesn't give two hoots about the production story right now because it will mean more of the same; delays and disappointment. That doesn't mean stop work, push along as usual..but chase high grade results, that will attract attention.