the last quarter, page-14

Maybe it's time for a company like Grange GRR to do a takeover of TTY. One Grange share for every 5 TTY shares would be a good deal for TTY shareholders. At least TTY shareholders would end up with good management operating the business.

Have a look at the GRR board
http://www.grangeresources.com.au/cgi-bin/page.cgi?grangeS+5

And to think that TTY has a clown like Andrew Simpson as the Chairman who charges $150,000 pa. plus another $144,869 pa. for his smart marketing advice for selling IO below cost of production.

I thought that the Noble Group had the exclusive rights to sell TTY's iron ore. So how come this clown can charge TTY $144,869 pa. to give marketing advice.

Xi Zhiqiang the chairman of Grange (with a market cap of $800 million) gets $130,000 pa. as the chairman.

TTY's board is made up of overpaid fools.

The quicker they're all sacked the better for everyone.