Ann: Bankable Feasibility Study Activity Slowed, page-74

Nice post, and good history to give some perspective.

It really is sad when you see how it all unfolds for so many of these companies on the ASX, directors and the rotating CEO role getting free shares and salaries for years, just keep raising, whilst achieving nothing, then they will do a consolidation and name change, and do the whole thing again.

Pays to look at management of a company deeply, thats the main thing at this end of the market, need quality, often time these companies are a great vehicle for management, directors and CEOs along the way, who get paid great salaries and free shares, but horrible for shareholders who fall in love with the story and then lose all their value.

Like you say cycles, these magnetite stocks were the hot stocks for a time, but doesnt take much of a global slow down to make the projects not viable. The time will come again, and hype will be back, just a question of when , for me the global outlook not looking the best at all, could be years. As always big winners will be the management, they are paid the whole time, watch them change the name entice a new group of investors who dont know their past. Sadly happens all the time on the ASX, rinse and repeat the cycle.