Such ramping. A bunch of brokers tossing shares backwards and...

Such ramping. A bunch of brokers tossing shares backwards and forwards and hoping to fill in a few gullible folks along the way.

You really shouldn't be posting here if you are working for an AFSL.

It's not making money. The "all in cash costs" were reported at $A55.75/Wet Tonne. It's dry metric tonne "all in cash cost" is closer to $A60/tonne. With the exchange rate gaining and given the discount for Atlas Iron Ore, this company is still marginal.

Throw in the other costs of development and ramp up that aren't included in the "all in cash costs" and it is still underwater. When the Scheme of Arrangement happens, anyone who buys now will be diluted by billions of new shares.

What do people seriously the recapitalisation debt to equity share price will be?

- greater than 2c ?
- less than 2c ?

Management are smirking throughout the entire process and the gravy train goes on.