Ann: Appendix 4C - quarterly, page-80

@susieq I no longer hold so don't follow closely enough to follow when there is a conference call. However, I have always believed that the 4c's were designed for exploration as they seem to give credibility that the company has sufficient financial resources to cover the next few quarters. You often see this reinforced with the queries that are raised by the ASX. It's my pet hate as I feel that they could include a single net-working capital so that you can see if the company is trading on the same terms as the previous quarter. I hate year ends as often when we were struggling we would contact our suppliers and inform them that we would be paying them 3 days late as it's our year-end. That would affect the cash flow statement positively, reflecting a better than the true position and only for window-dressing the yearend. Now that I am on the other side of the desk I dislike snapshots that can be misleading.

There are a few companies that have chosen to report their current assets and current liabilities each quarter but they are few and far between.

I keep hoping to decide that this company is investment grade and still have not got there again but I do acknowledge that there are positive signs. Maybe the financials will be the catalyst.

I think it's important for investors to start requesting a little bit more information from the companies they invest in.