experienced board, page-11

Interesting the attack on the company and the directors for using the phrase "1 Billion Tonne Iron Ore Target'.

They actually used the word 'target'. I have read further that in the actual investor presentation Matt Gauci advised that the directors were of the view that the market cap of the company would remain at its 'pre frenzy' level for up to five years whilst they undertook further research and proving up their projects (drilling Etc). Given that statement it may be that the company called the trading halt as it saw the market misinterpreting its statement. The company was probably embarrased by its share price hitting $0.87 and may have thought that it was not the case given they have said its market cap will remain at pre announcement levels in the short to medium term.

Should the company be held responsible for the market bending the term 'target' to suit their own greed? They were simply announcing the companies future directions and strategies. I wish others would do it (are you reading PDN and DYL directors!)

I like Corporal et al hold long term through the bad times (declines) and missed this rise but view EPS as a small company with good prospects (U and other - maybe now Fe...)and maybe an exciting (not now but in the longer term future)upside.

cheers