volatility, page-14

Chris

It would not surprise me in the least if NAB picked up shares in the placement to cover their own short position.

And the debt facility is backed by the currently anticipated reserves picture at Ungani. If more reserves are proved up the facility could potentially be increased, and then maybe they could establish a pipeline to Broome (if this is where the export facility ends up) and remove the trucks from the picture. I have no idea how much an appropriate pipeline would cost, but if the Ungani trend yields the expected results it has to be on the cards at some point.