Lets be positive with IO, page-11

G'day Redback sorry for the late reply I have been busy. You may very well be right, maybe they do have eighty million in the bank. I hastily typed up my post this morning, without proper due diligence. Ahh anyway we shall see in the quarterly. I did purchase a short position yesterday with comsec cfd's at 29 cents over the phone. You are not able to short online and there is only very limited stock to short. As for the rest of my post I firmly believe bci will not survive as an iron ore miner in the long term. Going on the futures market it doesn't look like the thirties tomorrow, which is great for you longs☺

There may very well be a bounce in the iron ore price and this weeks spot price may be an over reaction to the chinese stock market debacle. Saying that I dont believe it will bounce much and I also believe we may see iron ore in the thirties some time soon or before years end.