The New NSL, page-104

"Cedric is hopeless. And his announcements are deceiving too"
" There's too many instances on the ASX of directors absolutely rorting shareholders"

You hit the nail on the head.
Maybe the next Quarterly report IOR will report increased production, increased sales, higher sales price and lower costs.
Making huge profits, dream on. Until IOR makes a profit, its only going lower.
Why would anybody want to invest in IOR in India when IO pellet producers in Australia are getting a US$70/tonne premium on iron ore pellets. Thats US$140/tonne.
While IOR is getting AUD$46/tonne.