honkyb - you are a goose. without Flanagan there would be no Atlas, no current mining at Pardoo, no 2 billion tonnes at Ridley, no port agreement with FMG, etc etc. Read the best of the best and other articles here and you will realise the enormity of what he's done.
http://www.atlasiron.com.au/IRM/content/investor_mediaarticles.html
No company is immune to the current market trends.