quarterly comments, page-8

Sounds like an interim 4c teaser coming and then 15c again against final results.

This would accord with some increased cash flow but provision for paying down debt and interest against same.

On a side note, Alumina (AWC) recently had two "industry players" (Ashok Jacob who is tied up with James Packer and was Kerry's right hand man and David Paradice from Paradice Investments) lodge substantial shareholder notices. I twigged something was up and, sure enough, yesterday they announced a placement to CITIC (Chinese govet backed investment house) to reduce debt etc etc...what happened - the SP went up and the speculation starts. Ashok & Paradice are probably sitting on a 20%+ gain in very short time.

My point is that when players come on board of the type that BCI have attracted, they do so usually because for a variety of reasons they believe they are going to make money.

Lets hope they are right!!