Ann: Trading Halt , page-25

Hi (joeborgo)

My statements have been based on reports about the Indian iron ore market.
We were all trying to put a realistic figure on transport cost as the company told share holders nothing.

Share holders were led to believe that the iron ore was to be transported by rail as just about every one here agreed.

The company still has not given figures about transport cost.
Did you read the report I directed you to about trucks breaking down?Also about the December decline in exports from India to China by 11%,that Brazil and Australia have picked up?

What do you know about the new tenement?
You say it will be the making of the company.
What have the company told you that backs that up?

They at last announcement had 1,500 tonnes at the port site out of the 40,000 tonnes needed for shipping by the end of the month.That at the 50 tonnes per truck means they have delivered 30 truck loads so far.Only leaves another 770 truck loads in the next 27 days when the ship is due to leave.
That 40,000 tonnes was suppose to have been shipped a month ago.

Regards
Westcott.