Ann: Koolan Island Progress Update, page-10

Seems to me that a falling IO price is the major concern for all companies involved in IO.
Yes the exchange rate is a factor.....but falling 58% fines is not good for any company....as most have 58% fines as a by-product of they operations, if not their main product.
58% fines are only getting around 37$ per tonne...hardly worth writing home about.
62% prices are where they were a year ago....and falling.

This company did not want to give a divvy last year....and quelled anger amongst shareholders by giving them a piddling 2 cts.
While many here are happy enough with a stock that appears for now to be stable due to a great cash balance and positive future.....I still think that management should be sharing the wealth a bit. They talk of acquisitions.....but are probably waiting for a recession before buying. In the meantime the people at the top are paying themselves handsomely.

Sorry to be a wet rag.....but I am not happy with companies that have a good income and don't share it with shareholders. I don't like buybacks....unless they increase the shareprice. And often that doesn't seem to me to happen. Give me a divvy....any day. Makes people have more confidence in the company (IMO).