offtake agreement pardoo, page-12

As previously mentioned, Directors were buying above $1.50, so no way will they accept a takeover offer anywhere near the current share price!!
Austravel is just downramping. Yes demand has slowed short term , but if you look at the big picture, demand will only increase overtime. Anyone who saw the the four corners program during the week, will know what I'm talking about.

$$$$$$$$$$ makes a very good point! Iron ore prices can't keep going up at the rates over the last few years, and given the worst financial crisis since the Great Depression, its only expected prices would soften (for the meantime). That doesn't mean AGO won't be making a profit.