Banter and General Comments, page-291

Hey @Subs,

Reading the interactions between Rahul and Anthony...

...does it appear to you that maybe Morgan Stanley are actually playing a long game?

It must be completely frustrating to be unable to cover, and the amount of time they have between now and the end of this month isn't very long at all.

Also, I have a point of order with Mr Rule.

He said...

"We have closing cash and liquid assets of $68 million. We have no debt. We have the POSCO proceeds out of escrow of $257 million due shortly plus the deferred settlement in November. Our existing operations at Mt Cattlin are generating very strong cash flows. If you look at it, our balance sheet in the next month will have approximately AUD 450 million in cash and liquid assets available to the company with no debt, a very strong position for the company to be in."

There has been shipping continuing, which would further increase the balance.

However the $68 million USD and the $257 million USD.



Short changing me $10 million there Mr Rule, what's going on?

Also, regarding these earnings calls... Why do the analysts call up and ask questions? Can't these guys do that whenever they like?