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I agree rocket! If the target was 62% then I can see the...

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mickloff

1,235 Posts.

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30/10/18

12:21

Post #: 36313035
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Originally posted by rocket973 ↑

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.

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I agree rocket! If the target was 62% then I can see the incremental monetary benefit to IOR moving forward and I am less inclined to complain.

This isn't the case and as such should be voted down.

The dilution caused by basic targets is not in the interest of holders imo.

IOR Price at posting: 8.2¢ Sentiment: None Disclosure: Not Held
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