volume has returned, page-13

Why are the old guard selling? Mozart et al have done the research and whilst we acknowledge that WR and co are not the most savvy communicators the fundamentals have improved. With the material upgrade the other day and mention of need for $500m their must be a good chance of bringing this baby to fruition.

They must be looking for a JV partner now with deep pockets and a need to lock in an IO supplier. They can then determine the blend of IO. This could then lead to a number of announcements which address all the points raised many times on this forum.

We just have to be patient - we have held through the bad times and now that the green shoots are appearing some are choosing to go for the fast money elsewhere. Good things come to those that wait.

Keep the faith.