cape lambert - not what you think

This big sting is on, IGL shareholders should check out
www.blackdogsbarking.com and if you study the history of this deal going back to Fox Resources NL you should be able to peice together. Astute investors should compare the picture of this ground (lease application) in 2003 & 2004 Fox Annual Reports and the picture in the Fox announcement in April 2005 & again in the IGL announcement. Much to be questioned.

Interesting that unwanted ground that has been around forever is picked up for nothing in Nov 2004 is now worth $20 million despite no actual drilling being don since it was owned by Robe ages and ages ago.

Use of Rio Tinto's port? Not even remotely likely. Its also strugling to handle what Rio & Hamersley are shipping out through it.

Ore body is 30% Fe & not mentioned, 200M below surface. Gurantee this is never brought into production and there is no real int to. What the players want is a big story to work with.

If you owned all of IGL and controlled the cheque book and were even thought is was a good deal, would you pay in cash? or would you pay in shares like Fox was going to do before the smart new major shareholder killed the deal in its tracks and removed the MD?

Mirrors lads, lots of mirrors. There will be a dump and run on the punters and you dont want to be around for that day.