one positve

There are many positives about the IFE/TRF iron project, but one very good one that alot of people may forget about is the fact that at one stage they almost sold a large chunk of the Stage 1 to the Chinese. At the time, sharholders weren't impressed and the share price plummeted. Now they are keeping it all to themselves, is 100% Australian owned, not like other companies like Centrex who only own 40%. Amongst all your negative comments about management it may be a good idea to keep an eye on the bigger picture and realise they have done very well to get where we are and what they will achieve by years end without having to resort to an international predator. This has meant funding has been more difficult but the flipside is shareholders will be better off through this retained project ownership.