capital raising speculation, page-10

if you say so WSS, the fact is the large number of shares on issue (1.2 billion before this capital raising) will hamstring efforts for the price to move fast, it's not tightly held and it was full of traders. In the last annual report the top 20 held just 15% so there's probably plenty of smaller stale holders many of whom will get out if it shows signs of life.

As for the quality of the resource, that's another matter. I think there is much better IO opportunity elsewhere but that's for each individual to judge. I hope FMS fires up and turns your pennies into dollars because it will mean we must be in boom times for iron ore again.

Big Kev must have high hopes for IO or else he wouldn't touch magnetite, would he? Magnetite really does need everything going for it to be economic, and it is also very capital intensive.