The New NSL, page-35

I remember all the NSL cheerleaders who ridiculed those who suggested that the share price would go down after consolidation and recommended getting out in the weeks prior. Look at NSL now, a changed name, shares worth a pittance ie the price pre consolidated down at $0.006.
Clever investors are also betting on another huge loss in the next quarterly, and all the $10m capital raising disappearing into management fees and production losses.
The ASX has been going up for months and IOR is just going lower and lower, frankly why would anybody want to buy IOR when its taken 10 years to get to 20,000 tonnes per quarter. Management are dishonest, there is no proper report given showing production volumes, C1 costs and average sales prices. Obviously all so bad that its kept hidden from shareholders.
Whilst its unfortunate that what was predicted has come true, its also unfortunate that nobody took any notice and could've avoided the disaster.