Ann: Appendix 4D and Half Yearly Report and Accounts, page-17

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     The first half had a big revenue shortfall like last year. Got to do with the timing of shipments by the look of it. Are they paid when the ship is loaded on a F.O.B. basis? Its not like iron ore low value high bulk where ships go frequently. 1,540 tons of contained copper boosted inventory rather than sales. Sitting in the sheds at the port?  Also what is the fair value loss on trade receivables? Thats $11.3million! $4.3 more than the same quarter last year. Got sometning to do with what the Indian mill pays them? No explanation. I would like one! $11.3 million in exploration expenditure writeoos, 6.7 more than same half last year.  

    Im stating to think like Warren Buffett. He stays away from miners. Does not understand it all. Must say nor do I.

 
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