All that's happening is retail shareholders are getting diluted...

All that's happening is retail shareholders are getting diluted out by institutional shareholders - droxford. If small shareholders are happy with that it's all good.

The new additions to the plant are bolt-ons and probably not too efficient. They are still left trying to treat a poor quality ore with a plant that still has some of it's original xstrata bottlenecks like the kiln and the leach vats.

Good luck holders and I'll happily eat my words when there's 100 tonnes of FeV leaving port geraldton each week and 80,000 tonnes of iron ore each month.

Until then ATI bonds are still junk bonds and the script you hold isn't worth much.