50% grade is rubbish, and 58% grade isn't much better, its still garbage.
Those performance rights are a scam, long term holders should be voting with their feet. There are so many good stocks on the ASX, you'd have to wonder why anybody would buy IOR, unless they get a kick out of losing money. I reckon a casino is far more fun, at least you have a chance of winning.
Whats Happening, page-15
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