Ann: Rights Issue Closure and Shortfall , page-21

Eyeoverit,

Nose is the one said "TFA not impressed". I didn't say that.

I think MPI will take forever to get off the ground due to technical problems, low iron ore price, lack of fund.

Haematite iron will also be very hard to get off ground in current market. However, there is some chance. I still think FWL & TFA should just team up and buy a small mining company instead (ie small company that is already mining and generating cash). Because to take out a loan (from banks) to start a new project, that's not something any bank will do for FWL.