number 3 shareholder not happy with number 1 ?, page-16

OK Pete I will admit that I was wrong in telling you to pull your head in - you can say anything you like, it is a public crapfest after all and you are allowed to play too.

I agree with most of what you say except the strat investor, we don't need one. We need,as you say, to prove up tonnes. We would all like a fairy godmother from (pick your own non-china country) but china is the devil it seems we have to deal with in iron ore. They only control 20% of our company so we are ok so far with regards to control.

You have every right to call an egm to remove the board for incompetence. All you need are the votes. Ring WEG, I imagine they agree with you.

I agree, the board should run the project properly. If they don't, there will be repercussions, and you have warned them. As you said, we have started mining from the first shipload and it has gone to the customer. Drilling is planned and Irvine is with the authorities.

We have issues with our major shareholders too. AKA says that EIM hate the Chinese. Also, Cliffs are on the ropes. Their ex imapairment income was only half a billion dollars so their 7% stake in PLV, worth $3 mill, is right in their sights! I do agree with you though AKA, they are a seller, not a buyer.

As for the groupie crap, the PFS, the cheer squad, the riotous shareholder list, the exhorbitant salaries, the jtc, the unnamed aussie investor, the mystery SS&T/WEG shareholding, the dreaded Chinese...give me some operational issues that I cannot bat away and i would be more concerned .

And AKA, so far I am only guilty of buying high.