Ann: Management and Organisational Update, page-42

Does this show that they may be pivoting to develop their African iron ore holdings since Rio and China have now agreed on the funding next door? Twiggy might think that these assets are potentially at risk if he does'nt chuck some big money at it now? rather than a 2 million trial mine. Personally they should have done that before a stupid magnetite operation. I also would like to see us get into other commodities, Twiggy does his side deals for himself with other commodities, i am glad we had nothing to do with his nickel mine purchases ( which are all shut now ). The company needs to be split to at least get some value out of the green tech investments, maybe chuck a few billion in the new entity hell chuck in the magnetite mine. Green tec companies get bigger p/e ratios so it should make our overall share values higher. ( BHP spins out stuff all the time and if you kept the shares you would have done very well ) Maybe twiggy could give us his shut down nickel mines and we could combine that with a purchase of uneconomic lithium mines. They will be worth something next cycle. To boil it down a mining company and a tech company should not be together they just get in each others way, and the Invester public can't value it correctly. I feel we could be better off buying up some good distressed assets that need capital.