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Poor Noble Group, they know nothing about the iron ore business.ha ha
I suppose that the Noble Group also knew nothing about manganese either when they got involved with Valiant Consolidated when Michael Kiernan took it over.
Valiant Consolidated eventually became Consolidated Minerals and was taken over for AUD$1 billion.

How much money do you think the Noble Group made from that little investment?

So you think that one of the worlds largest commodity traders knows nothing about the products it deals in everyday. And I suppose you do?