Ann: Quarterly Activities & Cashflow Report, page-13

I was told earlier by the IOR (NSL) cheer squad that the iron ore was always paid in full on delivery, so no chance of default. I did point out that Indians are hopeless at paying bills and will defer, defer and then refuse to pay. Take them to court and they'll bribe the judge, or else they'll take no note of the ruling. Unfortunately every Third world Asian country is the same.

While you blokes sit around losing money on this heap of crap, others are taking advantage of other stocks on the ASX which are surging. By the time you realise this you'll be back in another bear market still hoping to make a dollar on IOR (ex NSL). I can't see that the name change has done any good, the June Qtry report proves that.
IOR needs buyers, and now nobody is foolish enough to buy, me included.
The hype has gone and so has the buyers.