Ann: Quarterly Activities Report, page-10

Couldnt agree more...VERY poor quarterly result....geez they just scrapped in with the shipments for the quarter, and there assuming to reach 165m tons, (full year guidance) there wont be another cyclone in the Pilbara in the next 6 months to delay shipments - very poor effort...if it wasn't for the Vale mishap the share price wouldn't be where it is at the moment....if you can make profit with current share price, take your profit whilst you can....i.e dont get greedy and assume the only way is up for the share price....6 monthly results due next month will reflect very minor improvements, nothing to justify current share price...dividend will be minimal as they have spent in excess of 100 million dollars with the buy back...."not down ramping"