It's all over. A horribly run company digging second rate ore...

It's all over. A horribly run company digging second rate ore and trucking it at massive cost to port. Busy buying anything that came on market years ago without sensibly managing costs or transport solutions. I give it days before the bankers pull. I doubt this will fester for years like GBG. I think it will be a quick death. This is mining's version of Great Southern or Timbercorp IMHO.

And to all those employees who drained the life out of mining in WA..... see ya!!! I guess you'll be queuing back in front of those RIO and BHP signs before long..... one job for 1000 applicants. Or will the port guys go on strike again...... hell, if they did it could be on the only thing that raises the price of IO.