Ann: June 2014 Investor Presentation , page-21

speculator

Here is one of my other post which explains their position!

http://hotcopper.com.au/post_single.asp?fid=1&tid=2262415&msgid=13435959#.U463sXYtC_I


The company are now meeting production guidelines,
but this is fairly unusual for them!

The problem is clearly the Iron Ore price!

Also the big reduction in price they are receiving for
their value fines!


They have been talking up a rail deal and a JV partnership
for sometime.
All these talks and deadlines re: the rail deal have so far amounted to nothing!
The SH have clearly been lead to believe that there was going to be some sort of rail deal announced last year and nothing happened.

So I guess as far as management is concerned they have
integrity issues!

They should talk less and do more!

However if we were to get a recovery in the Iron Ore price AGO would definitely become a good bet again.