Substantial Shareholders, page-5

Sojitz Japanese, Shagang Chinese.

Two opposing ends of the spectrum in terms of business conduct. Have dealt with both cultures in business and prefer the Japanese. 

Interesting JV scenario. Yes we all wish Shagang would either develop or sell it off. 
These corporations work on different time lines to investors and this is where the frustrations arise. 

Still, once past the shock of the same dividend the results were exceptional and the market should take note. 

One point though, is I WISH these so called analysts would actually calculate proper margins for GRR in their analysis. THERE IS A PREMIUM FOR MAGNETITE PELLETS. How hard is this to understand????

Marginal producer my $*$&#&#&#*!!!!!!!