this is going to about 2 to 2.5 cents, page-7

Marine,

I'd like to think there is life in bauxite too but the reality is that the mgt and board of the 2 combined entities are:-

Unable to find the big dollars to develop, unable to find JV partners, unable to put money in themselves, unable to entice investment from institutions, but.........

Able to chew up shareholder's money and still pay themselves salaries for doing not much. This will be the case for years as we go through the cycle.

Monumental stuff up by majority of investors in resource hopefuls.