Iron ore price, page-11485

They have a cashflow of $5/600m pm from existing operations so no it isn't a big deal. We all know existing price spike will not be long term so this cashflow won't last nor will your estimate for iron bridge. This company has underperformed for a long time and the position they find themselves in now is entirely due to a disaster in Sth America. The disappointing thing is the management and board will line their pockets with some nice little bonuses at the end of the year using our money and for doing nothing other than their job.

I find it it amusing how people are slapping the BOD on the back for paying a 30c dividend. They have essentially paid it out of future earnings so it was a risky payment. So why did they do it? Because Twiggy needed reimbursement for the shares he brought to prop up the share price during the year. This company is poorly run and the board needs refreshing and company direction re set