I agree that the hedge contracts shouldn't be a problem as the...

I agree that the hedge contracts shouldn't be a problem as the strike price is now above the spot price. I am concerned at the inability of the company to ship the planned tonnages. It now appears that this will perhaps, hopefully, fingers crossed be fixed in July or perhaps August!! In the mean time the iron ore price continues to fall. It is also a concern that most of the ore being currently mined is coming from the Zabeel pit where the ore grade is inferior to the Danehill Pit which appears to have been flooded.

Management needs to concentrate on the basics and stop trying to talk up the "ore reserves" and other bull-sh*t. The future of the company is at stake.