iron ore price? we sold underprice?, page-7

Mr P, I agree with you, current situation sucks and IMO is due to combination of bad economic climate, some good maneouvering by chinese and mismanagement by MGX. But what's done is done and these are the cards we're dealt.

What's the alternative to the chinese offer? The reality is, despite the whispers, there is no serious counter offer so if the deal doesn't go through the company has a big chance of going bust. While the chinese will get a chunk of our company dirt cheap, that's life, but I won't be cutting off my nose to spite my face - I'll definitely be supporting the deal because it will give us a lot certainty about the company's future - even if we won't make as much money as we once potentially could have, the SP will eventually go up and even under this deal will reach $2+ when we start hitting our peak production years in 2010+