Ann: Shareholder Update, page-23

Speaking of intelligentsia, does anyone believe the company that the sole reason for them not pursuing an IO strategy is because of newspaper article from nearly 4 years ago?

And if this were truly their thinking, that exporting ore could not be undertaken because of this incredible revelation in a newspaper article from prior to the last election. Then why couldn't the company state this fact that this newspaper article was behind the initial claim at the AGM that the company could not export IO.

Either the company knew about this article at the AGM or it didn't. When asked why IO couldn't be exported the company did not offer the article up as a reason. Given that they have no problem asserting that this article is the reason for not pursuing this strategy, then if they knew about this article prior to the AGM then we can all agree that they would have provided it as their reason at the AGM for not exporting IO. This of course means that they did not know about this article at the AGM, obviously there was some other reason not stated at the AGM. And now it has take the kid in the office 2 months to find this article as a credible reason for not exporting IO, and the kid has presented this article to the board and the board have fallen over themselves in their relief that a plausible reason has been found as to why the company cannot export IO. Hallelujah brother, hallelujah office kid, praise be to god for you have saved us. Seriously dumb, seriously seriously dumb.

Who has faith that this mob will look after shareholders when they think that this was a good strategy. Thank god for the intelligentsia.