Ann: Extension of Voluntary Suspension, page-11

You're absolutely wrong, if IOR comes up with a good project I'll judge it on its merits and if I think its good then I'll be quick to buy.
I don't have any biases against IOR, but the iron ore project didn't add up and the new CEO saw it straightaway too.
Iron ore is a bulk commodity and you need volumes to make money. There was no way that IOR/NSL would ever make money by beneficiating low grade iron ore into a marginal product. If it were manganese it would be a completely different story.
Frankly I don't think that the past management team had a clue, everybody who bought shares were investors who most likely have little mining experience. When I read some of Timmies posts I was amazed how many were sucked in by somebody who didn't have a clue either.
The blind leading the blind.
Yes, I admit that I ranted a few times, but it was frustrating to see so many investors sucked in who couldn't see that the project was doomed.
The only light at the end of the tunnel is that First Samuel hasn't pulled the pin completely, otherwise IOR would be heading for administration.
IF a good project comes along then IOR might survive. I'd say that would be a 5% chance as good projects don't grow on trees.
Its the mother of all stuff ups.