buying, page-26

Hi Rick.Wills99 not sure why you did not include the non current assets $163.4mln in your valuation for the half year.This comes to the net asset position anyway $374.4 mln.Divide the PXUPA 2.850mln and it comes to $131.Working from the net assets of $374.4 the biggest concern as evidenced by the research report is off balance sheet items.One that was reported was a possible onerous lease commitments of $346 mln which may not have been provisioned on the balance sheet.If a figure of this magnitude is not provisioned that could lead to very little value for all parties.I am surprised there would not be some provisioning for this.Weighing up all facts and reports it is in the best interest for all parties in my view that the company moves forward under Andrew Price.The next 6 months will be critical Jan to Jun 13.I wonder how things are tracking now- we are in April already.