a bit long - but worth a read : iron ore wrap, page-7

Hi gtsman,

Not sure it is stupid?

Although you must consider the only reason the price is at 80c is because thats where the controller's want it to be. 90c cap raising is good when the genuine price is 80c, no doubt. But the real value is surely not 80c, as your posts suggest. The question must be asked, with 17 mill in the bank is there a need for it? Or is it just so the people that cannot get their millions of shares on the market (as it would be very expensive) can get more of the pie while apparently paying a premium?

I hope more than anything that this is not just a share grab for more control and money will be used for the best interests of the company. I guess time will tell.