the chairman should be sacked

I do hold a large parcel but i am getting increasingly pessimistic.

If ever there is an example on how to choose the wrong strategy and negotiate deals..............this company is the perfect example.

Who in there right minds................in the middle of the biggest metals boom in over 100 years decides to look for '' diamonds '' in the Pilbara region which is considered to have the world's largest resource of iron ore...............and then to cap it off..........after acquiring these tennents they '' give away '' most of there iron ore rights to a new emerging iron ore producer ( FMG ) for virtually nothing...............and now just before the AGM a director is allowed to sell $8000 worth of stock.

The Chairman also chairs BPT and RMS which have also been badly managed as there share prices should be considerably higher.

I hope people at the AGM take some of these issues up with management.

This company is potentially sitting on a massive iron ore resource.

Cheers