You may be WRONG, happy! Never mistake sales for cash receipts...

You may be WRONG, happy!

Never mistake sales for cash receipts it makes your numbers wrong. Some basic accounting please. We still have no idea if all moneys for delivered tonne has come in. As per my original question to you. Confirmed tonnes delivered and confirmed cash received for ALL tonnes delivered. I have not done the numbers for one very simple reason, I can NOT with any degree of certainty claim to myself or others they may be correct or close to correct.

I don't think anyone has IOR rose coloured glasses. We are here in the hope they can make a fist of it. You suggest the pokies, others prefer IOR. Its that simple. For me IOR is a long shot but worth a flutter. $65 is all we have, the next best thing is a stated price negotiated "similar to previously negotiated price" and 4 to 7 % more than an unknown number...Soooo what the number then??? Makes interesting reading. Makes for a difficult task to pin down what is actually going on accurately as you are discovering, frustrating. This alone is plenty to keep many from tipping in and fair enough. My accountant wife can not in her life understand why I have IOR, it's simple, its a gamble, I don't play pokies.

The likes of FS get access to information we as punters do not. FS is in the business of making money. The numbers must add up somewhere along the line for them to invest. What are the real numbers we do not know and we trust and hope they add up to a profit.

Why am I in IOR...potential and lots of it...am I holding my breath....NO! would have turned blue and fell of my chair years ago.

By the way have you read all the Ann's 2015 on wards yet?