ceo matthew hogan in the uk, page-38

Agree with much of what you say - I was a broker so know the promotion game - but, at the end of the day, the real world intrudes and no amount of spin works (well maybe sometimes as Twiggy did an amazing job for FMG I must say). No doubt we will get some new drilling and JORC information soon - but the issue remains 'how do your get this stuff to market?". I am sure there are open doors - but at what price - half the ore body? As I said elsewhere I doubt we will see much solid progress until the BHP/Rio, IO pricing, rail access issues become clearer - and that applies to all the minnows in the IO Pilbara game. Meanwhile the global stock markets are looking decidedly nasty - driven by a growing banking crisis in Eastern Europe which may engulf Germany, Austria and scandinavian banks. Looks like UMC has been hammered by forced seller which begs the question - who has been buying. They have picked up perhaps 10% f the company individually or collectively. So see the Top 20 should be interesting and hopefully will be released shortly. Meanwhile I face the prospect of ginger beer at Matsos at the end of the month which is somewhat disappointing I must say but I am not blaming the management. We can assume they are busy trying to work out the port access issue, busy increasing the resource if it is there - and taking to investors/IO buyers. I suspect that they must be as frustrated as some of us are at the hard path to market.