re: Ann: IFE: Wilcherry Hill Iron Ore Project... Finally a release on progress - tick (thank you)
No mention of timlines - double cross
(why not mentioned? Me thinks this year is gone)
No mention of updated guidelines for FY12/13 financials - double cross (really poor - suggests they still don't know when and how much)
Discussion about contracts, preferred players known - tick
Increase in Capex - cross
(been eluded to by many for a while now - still more to come me thinks)
Increase in short term operating costs & logistics - double cross
(as expected - original plans were no good - however too expensive to dump them up front - will short term mining actually make any money?)
Mention of small amount of good ore that will be cheaper to mine and get better return, desperately need the cash flow - tick
Appreciate that we finally got a release. However the critical missing information continues. It appears TRF management are still sugar coating their mistakes.
Time to step down Ian.
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Make TRF management accountable to shareholders
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