Ann: MGU Green Iron production strategy for development & growth, page-12

I don't believe anyone was here for the DSO stage. But the DSO stage was pretty critical to fund the hundred's of millions needed for the green steel stage.

It also really raises questions about management and why they ever made this decision? Where they just swept up in the IO hype thinking that IO prices would stay insanely elevated for extended periods of time? Honestly current prices are still well above the long term average, and they already postponed it when prices where even higher! These guys are very experienced in this sector so this is just very disappointing.

And yes where are they now going to get the hundred's of millions? Is Anglo going to fund it? Very much doubt it! CR is no option at current share prices either.

Road ahead is certainly a lot steeper and my trust in this management has take a very significant dent!