Ann: Fourth Quarter Activity and Cashflow Report , page-4

re: Ann: Fourth Quarter Activity and Cashflow... Evening chicka - just re-read the quarterly - more carefully this time around. See the "separate listing" option you refer to but after reading the outward rate of cash flow (almost $14.5m including the latest cash call), and looking at our reserves of just $38.43m, it's hard not to think that Heathgate are hoping our reserves will run out before the legal matters are settled.

A "divestment" of Maldon would provide a better buffer and preclude the need for another capital raising. At least that's an option being considered.

Even though all remains quiet on 4ME and 4MW and no construction has occurred during the period, Quasar is still pushing ahead with deliveries and storage and awaiting reviews of the various draft operations plans that are with the individual regulators.

Have to agree with Osi on the other thread that settlement at a fair and reasonable price seems a more likely and pragmatic outcome than voiding the 2004 JV contract.

Just my thoughts...