Ann: AGM Notice of Meeting Amendment, page-7

Pleased to see somebody else is concerned about the performance shares and lack of hurdles. I still think that 58% grade isn't even in the ball park. Unless the target is set at 62% minimum grade IOR would be better off looking for gold in Cambodia. More chances of striking it rich in Cambodia or Myanmar than producing crap 58% grade iron ore in India. The amount of money thats been wasted and is continuing to be wasted could have set IOR up for a much better business model. Its no wonder investors are now giving IOR a very wide berth.