Broker downgrade, page-14

They have rogerred this into submission. Very few stocks that go under 20c manage to recover and stay above 20c for a sustained period of time (think of all the resource stocks that have gone under 20c). Some might remember how they kept closing down the share price by half a cent while it was in the 10-20c range, often by just a surplus of one share on the sell side. Very few people can withstand this sort of blatant manipulation which can make the share price close down between 2.5-5% below what should have been the natural share price.

Throw in the narrative about low iron ore prices and misinformed jerks known as analysts who barely spend three minutes reviewing each company and you can see how people would just throw in the towel.

It is astounding that a company more than fully backed by cash is being shunned in favour of debt-laden companies like BHP and RIO with their inept latte guzzling management.