I have a lot of respect for moonie, but I think he is wrong,...

I have a lot of respect for moonie, but I think he is wrong, wrong, wrong on this one for one main reason.

The management factor. Those of us there from 2003 know that today's problems and issues are NOTHING compared to what confronted the company in its first few years. Then it had nothing but tenements, no money, and had to get dozens of near-impossible approvals and loans. And sale contracts. And then it was set-upon by ASIC. Virtually any other company would have gone the way of the likes of FMS, which also had great promise about five years ago, but %^&$ management. ARH is another victim of lack of management. Many more.

I do understand why some are skeptical on the current fundamentals. I have no idea what they will come up with, but nothing would surprise me. If iron ore is indeed finished (that's arrant nonsense of course) the company will pop up doing something else. There is NO WAY they are going to fail.