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Afternoon Red,

Something I picked up on this thread the other day and meant to raise was the slightly more bearish view in your post of the next two quarterlies, relative to Pinto's earlier post 15134796, and in fact probably relative to anything that has been expressed on the AJX forum to date (except by SS...).

The two posts are 'out of synch' by one quarter. I am hoping its just messages getting mixed up between cash and accrual accounting when NC is talking ninety to the dozen. I don't really mind which is the correct view, it's more about consistency of the message that I see as important at this stage, if you know what I mean. Do you have any thoughts?

Cheers

Roy