What a farce! I have been a reasonably successful resources investor in recent years. Made some good money on coal and copper plays which I identified as being potential takeover targets as well as riding the rare earths wave. I must say I can't believe I have got it so wrong in iron ore. I thought i'd get $8.00 for BRM and $1+ for SDL. My new rule is as soon as a Chinese 'investment' company appears on the register to get the hell out of there! These guys are poison! And the ahem, 'independant' directors should be prosicuted for participating in this farce. Yes spot prices have come off, but to think they can now endorse this rubbish is pathetic. Anyone have Norgard's email address? I'd love to give him a peice of my mind!
This is so disgraceful I will also be refusing to sell on principal. I'd rather loose the lot than be fleeced by these cretins!
trading halt, page-84
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