up, page-3

Fundamentally nothing has changed. These stock moves and the volatility in the overall market is something that we've seen in the past.

My biggest concern at this stage is something unpredictable of large nature. For example simultaneous terrorist attack on several large stock market exchanges putting them out of operation for extended period of time and causing panic. Or large environmental disaster. If nothing of that sort happens in the next couple years (or at least till the Olympics 2008) I don’t see significant downturn.

As for the profit, few millions more or less will not make big difference. The increased cost of operation is already priced and any lower then expected figure will just push the stock higher. As far as the AU$ vs. US$ ratio, it will definitely have some impact, but having currency hedge (as all big companies do) and the higher price of oil (that most of the ppl neglect) will absorb the impact of the higher AU$.

Thx
Velimirmkd