let's get back to fundamentals, page-23

Bacci,

I am amazed how you can try and turn this into a negative. Do you think they would sell soda ash overseas at a lower price than they can get in Australia. They just told us in the recent downgrade that the Australian buyers were struggling to come up with the demand in recent times and that they had had to sell on the spot market overseas and that appeared to be the main reason for the profit decline. Why wouldn't they take a contract with Goro at a price that Penrice itself has set by winning the tender.

The more demand, and the wider that demand, for their product the better off Penrice is in my opinion.

GPASAS