Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-22

I hope you are right. I was reading the report - they seem to pre-empt a lot of criticism they have experienced in the past, such as why haven't they followed up with the Commonwealth re NBR, what are they doing with the regulator for Lachlan. It feels like the strong anti-board votes (compared to previous AGMs) at the just past November meeting was like a kick in the pants and they have been checking on the discontent in forums like this. While i want to agree with you I am concerned that they are just telling us what they want to hear - some directors are leaving just as things are getting good, and others are joining or giving themselves upgrades at good rates of pay which feeds into my fears that its just a lifestyle company. I am upbeat (and trust me i want the shareprice to take off as much as anyone), but have learnt not to let myself get carried away.