cer will trade below 4 cents, page-23

Hi Redned

Please refer to page 16 of the Appendix 4d report.

Contracts expire progressively between December 2011 and August 2016.

Yes you are right. I dont know where Obama is getting all these trillions of dollars from.

No doubt that is going to cause massive inflation and make the currency worthless.....well not quite like we saw in Zimbabwe.

Also, I think the resources sector should pick up especially with China showing an interest in RIO, FMG and OZL

When metal prices start to rise, so should the AUD

Anyway a cashflow problem wont emerge for CER for quite a few years to come.

Although in accounting jargon, the NTA may show as 72c, we are significantly better off than that.

Also like to say, that even though has not been a div policy in place for a while now, this should not prevent a dividend being declared in June similar to last year.

If you had a look at what CER said to me in their email, they are aware of their obligations under the CER constitution.

Cheers
Derivatives closed out during the period

(i) Derivatives closed out with related parties

During the period, the Group closed derivatives with CNP as the counterparty. Derivatives were closed for nil

consideration. The remaining related party derivative balance at 31 December 2008 relates to forward foreign

exchange contracts net investment hedges. In the event if at any time prior to expiry the mark to market value of

the derivatives is zero, the parties have agreed the derivatives will be closed out for nil consideration. Contracts

expire progressively between December 2011 and August 2016.