spoke to ceo - luke tonkin, page-53

"Dacata. Six months ago Iron was hot and under supply. Every steel company wanted a share to secure their supplies. Now the situation has changed, they just make one phone call, then a dozen iron companies waits at their doors to offer.... We need to re-access the reports, sometimes it valid 6 months ago but not now."

It's all a part of the plan cooldave, you saw what occurred with regard to MGX's customers that knocked back shipments (that were under a contractual agreement to buy the ore mind you), these customers know that MGX is in a very tough spot and they certainly didn't like they way things played out with regard to stake they were trying to build at the beginning of 2008 and they will play the situation it for all it's worth.

These guys take a long term view so don't worry about demand coming back, there ain is to control the assets of the company.