Ann: Market Update , page-4

Tony Sage seems to be making all the right noises re careful handling of the cash reserves, going by the article in today's "The Age":

http://business.theage.com.au/business/sage-approach-to-circling-sharks-20081215-6z15.html

I particularly like the idea of bankrolling some good miners in trouble with the full recourse of claiming the assets if they were to default.

12% interest on the money or seize the mine if things go awry... best of both worlds.

And thank God Australian mines are the main target. (With Indonesia and all it's pitfalls, ruled out)