Ann: Full Year Results - Media Release & Appendix 4E, page-9

Wassa
I have listened to the last three conference calls and without doubt this was the most positive for both the Aus and US markets. Getting the result they did and achieving a record second half EBITDA with US weather impact, Australian drought, input costs and currency impact really shows how much the business has improved. The US market is an amazing opportunity . The tax rates makes this market even more enticing .
As for the buy back , I wouldn’t mind if they don’t recommence it until after they have paid for the new equipment and converted inventory back into cash . The other positive is the NTA has increased and even more so from a per share point of view. I didn’t lnow that Thorney was a major shareholder at 29% . A big plus