ago running out of time, page-3

Richie - you are missing the point that iron ore growth by competitors is not a good thing for AGO unless they can compete at some level to maintain market share and margin.

AGO can not compete on grade, tonnes, product quality, or security of supply. More supply just makes the potential downturns in price greater if demand drops and will marginalise AGO.

KB needs to either have a wee or get off the pot and let someone else get on with either:

1) sorting out infrastructure so the company can grow and decrease unit costs;
2) sell off non-core assets way out eat of Jimblebar, stop trying to expand without infrastructure, and concetrating on getting the Fe grade up and decreasing unit costs that way.

At the moment AGO is in limbo and is being punished for it. KB and his executive are paid way too much for their current performance level.