Ann: Trading and Operational Update , page-10

Whilst realising it is a dangerous strategy chasing a falling stock I've doubled up today as i believe long term this is a very cheap entry level.

Am expecting some near term decisions on some of their tendering including a US$800 mill. phosphate project in Morocco and a US$800 mill. coal project in Columbia as well as $500 mill worth of tendering in the Australian coal industry as well as numerous smaller projects.

Remain confident in managements ability to see AAX come through this difficult period and believe the sell off has created an opportunity for new investors.
One decent contract conversion would see the SP rocket from these levels.