sp 50% lower than 5c cap raise price of August, page-9

Broker / analyst research is just advertising, paid for by the company or a substantial holder (ie the analyst's employer).

We don't trust real estate agents, car salesmen, or politicians when they chuck junk mail in our letterboxes. But when the mums & dads see a positive brokers report they get all excited. Good companies don't need 3rd parties to make stuff up about them and attach a disclaimer 2 pages long, good companies sell themselves.

Its obvious that if iron ore prices go up to AU$80 AGO might start to generate a bit of positive cashflow that can pay off a bit of interest and save some money to pay off a bit of debt. But the brokers haven't got the faintest idea of when that will be.

Next time you see a broker's report read the disclaimer - it will make you realise the rest of the report is absolute rubbish.