fundamentals consideration, page-36

I dont want to seem harsh or insensitive AND I been in this situation before with other stocks.

Seems to me the project simply does not stack up.

The management has done nothing wrong. Their job is to raise money and try maximise shareholder wealth....

The study came out and the figures have blown of the charts. The figures are the figures and thats that. Speculation before was just that... just speculation.

Remember only 8% of people who participate in the stock market can actually make money from it. The rest get burnt.

This market is dreadful and seems like buying companies on or near cash backing is the best way or just stand aside.

All you can take away from this is experience. I have been following this stock and watched it go from 40c to over $1.00. However I always had the back of my mind that CLIFFS ChOsE not to participate in the project so i ChOsE to stand aside. Massive alarm bells

Remember only 8% of us make it... Better days ahead.

Godd Luck
Gibba
DYOR
IMO