what absolute rubbish, page-11

Simple answer

Tony 100% had no intention of killing the share price, sometimes in life you are forced to do things (in this case report early) that you don't want to. (driven by cash and JV requirements)

So if you are risk averse you would have had a stop loss in place, if you are LT then give it time to get to mining.

Back drop - global credit problems persist so they will weigh negative. BHP, RIO and FMG are all expanding rappidly to ship more ore 330 million, 400 million and 100 million respectively rough goals, so there is a market for iron ore.

PFS wasn't rubbish, it just wasn't what people expected (lots of blue sky expectations, me included)

CK