Ann: Shareholder update - TEF Study-ESI.AX, page-114

It's over an hour now since you posted your 'reply' and only ten TUs!? I take that as a win. On the other hand, I couldn't give a monkeys about TUs. 10,000 TUs won't change anything wrt SP movement. It's a losing battle really.

Of course, it is obvious that the iron ore price has impacted NMDC's bottom line. That goes without saying. However, NMDC probably should have increased the cost of domestic ore more than they did when there was so much pressure put on IO imports by the government. They had a significant % of the local market to sell to. Missed opportunity. That's a bad management decision imo. A complacent PSU?

Also, $1m AUD is not a lot of money for a company like NMDC to spend on R&D. In fact, it's a paltry amount and you'd expect them to spend more, much more.

As for me being an angry, uneducated downramper.

Is that the best you can do?

If I recall, you were the one who had a hissy fit the other day and put me on ignore. You sounded very angry. I also recall you telling me a few months ago to GFMS when I posted views contrary to yours. That's anger imo. And where there's anger, there's fear.

Apart from that, GL.