IRD 0.00% 7.5¢ iron road limited

Ah!! I think you have the wrong end of the stick. I am not...

  1. 980 Posts.
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    Ah!! I think you have the wrong end of the stick.
    I am not interested in pumping up or bringing down anyone.

    Pure economics mate. IRD are a low grade magnetite play. They will never be in competition with any of the big three in WA. Simply because they could not compete. I does not matter which magnetite miner it is, Sino Iron, Gindalbie.
    All are struggling to turn a profit in a bear commodity cycle. Even after pumping millions of dollars into their process, they are still operating at a loss.

    Falling IO price means that the only ones that can withstand it are low cost IO producers.

    No need for me to take down IRD, because they are still a speculative start up IO company.
    There is nothing to take down. The board and management already know the harsh reality of which i speak.
 
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