rail, page-18

Every time I invest in a company I ask myself these two questions
1)What does the future hold for the company?
2)Why will this stock make me a greater return that another stock?

Answers
1)The future does not hold anything without a rail deal. So far, we have been promised this for four years. If they are close, an announcement with a credible factual explanation would have been released before Wah Nam corned the company. This should have been WR ace up his sleeve. If he didn't use it then, he has no deal.

2)This stock probably will not bet other ore miners, and I think it would be better putting this money into another stock in the Iron Ore sector with more capable management and no lurking shadow of Wah Nam.

If I am honest to myself,this stock had lots of potential but it is now a dog. Wah Nam, WR and co's incompetence, ASIC,and the FIRB have ruined any chances this stock had.

I will be investing elsewhere soon.

I will consider changing my mind if anyone out there has any factual evidence (not blind faith) to the contrary.