Going to be 1 for 5 or as much as 1 for 15. I think it is time to finally pull the plug on this company. The management has lost their direction, they have not done much of anything significant for this company in over two years and with the rollback you will see the shares slide afterwards because of lack of interest in this company. The market feels the same way as I do, this management has failed the shareholders and should step down IMO.

I would assume that people are selling because the company doesn't have a process to extract the metal? In theory they do but there is still way too much to do for them to be claiming that it works, don't you think? They have a large resource in the making but it is all worthless unless they can commercially extract it. Until I see results from a larger scale test I will not be a believer. I trust that Dr. Harris knows what he is talking about but hte thing is, he's no longer working with the company which scares me. Do they think they can go it alone without the help of the man who created the process?

China needs iron ore, sell them the project already!!!! I will take $1.00/share and be happy!!!!

April 28 (Bloomberg) -- Vale SA, BHP Billiton Ltd. and Rio Tinto Group, the three largest exporters of iron ore, threatened to cut supplies unless steelmakers accept their price demands, the China Iron & Steel Association said.

The mining companies asked for price gains of between 90 percent and 100 percent for the steelmaking ingredient as global demand recovered this year, Luo Bingsheng, deputy chairman of the association, said today at a briefing in Beijing.

“They adopted a threatening policy,” Luo said. “If you don’t accept iron ore prices before a deadline, they threaten to cut supplies. Is this iron ore negotiations?”

The World Steel Association called on authorities globally to examine the iron ore market after Brazil’s Vale broke with a 40-year custom of selling on annual contracts and won a 90 percent price increase from Japanese mills. The Chinese government this month said it was investigating the possibility that BHP Billiton, Rio Tinto and Vale may be monopolizing supplies of the steelmaking ingredient.

Steelmakers in China have about two months of iron ore stockpiles as of the end of March, enough to ensure “stable production,” Luo said. Some mills have signed tentative agreements with the mining companies to ensure materials for their furnaces, he said, without giving details.

Amanda Buckley, a Melbourne-based spokeswoman at BHP Billiton, declined to comment. David Luff, a spokesman at Rio, wasn’t available for an immediate comment.

‘No Options’

Suppliers cut exports to China during price talks earlier, Angang Steel Co., the biggest Chinese steelmaker traded in Hong Kong, said April 21. Chinese steelmakers have “no options” and have to accept price demands, Jiangsu Shagang Group Co., the nation’s biggest privately held mill, said this month.

Global steel demand may expand 10.7 percent this year, rebounding from last year’s 6.7 percent slump, the World Steel Association said April 20. That’s leading to competing iron ore demands from Europe, Japan and South Korea for the material.

“The global iron ore market is in serious shortage,” Luo said. “Apart from China, steel production increased by 33 percent in the first quarter, while China’s output rose 24.5 percent.”

--Xiao Yu, with assistance by Elisabeth Behrmann in Sydney. Editors: Tan Hwee Ann

To contact the Bloomberg News Staff on this story: Xiao Yu in Beijing at yxiao@bloomberg.net

Last Updated: April 27, 2010 23:03 EDT

We can always dream that something like this would happen to this stock!

19th April 2010

Everything indicates that Lubin-based KGHM Polska Miedż will soon announced the purchase of an overseas deposit of copper ore.

The company has been negotiating for months with the owner of a copper mining company listed on the Toronto stock exchange.

"We are in the final phase of negotiations," said KGHM president Herbert Wirth.

"In principle we are settling the cosmetic aspects of the co-operation. We have reached an agreement on the most important matter: the price."

Mr Wirth declined to elaborate other than to say the price was "respectable."

KGHM is understood to be preparing to purchase shares in the deposit as well as a minority in the Canadian company, with the option of taking a controlling stake in future.

It is hard to say, nothing showed up in the insider trading records. That was my original thought but I think he has to not then hold the stock for 60 days in order to take advantage of the write off?