I think the truth is fairly straight forward, another ASX...

I think the truth is fairly straight forward, another ASX company repeating the same mistakes of old, by over spending during boom times.

Add to that the drop in Iron Ore prices, production below target levels and an investment price which blew out way beyond original forecasts and you are left with a massive debt, looming bankruptcy and long term shareholders who have been diluted to death after endless CRs.



Kat.