exit, page-6

"no excuse tho that company has missed the expected timeline of completing at least one offtake by the end of last qtr"

But I thought the time line was end of this quarter Q1 2012 as stated in the company presentation.

It is on page 21 just to make it easy,

"at least one off take agreement...."

While the company in discussion with a few steel manufacturer, it clearly stated it is targeting ONE off take agreement by this date.

It is OK to be hopeful, but to blame the company for something they never promised does not cut it, at least for me.

it is end of first quarter 2012, loud and clear.

The problem here the way I see it is the company announced a business plan in their last presentation, everything is clear and detailed , yet some Punters find it difficult to give it a good read and start from there.

Daily fluctuations will happen, today is 1.7, tomorrow 1.5, the day after 1.9, cant blame the management for that can we ? after all we said many times, what will move this company are announcements regarding achieving goals and milestones detailed clearly in their announcements.

And the time for that has not come yet.

Thank you