Let me tell you what was going on yesterday morning, page-35

69 million At the full year cash in hand is poor considering what they had at the half year the cap ex is massive another reason it's been marked down by the market

Cash on hand can be deceptive theres a resource coy with 440 million cash no debt generating free cash thats sp is 30 cents 30 per cent below cash backing for a cap this size 69 million is chicken feed read the half year cash on hand an now that really is ordinary free cash generation in my view

So in another 12 months the UK business will still be break even according to the report that's terrible considering how long it's been in the market place there

More cash burn into the U.S. market trying to crack a very hard market place that is not making the money most here said they would