Ann: Waitsia Stage 2 update, page-49

I can only imagine what might have happened had enrgy prices been lower than they are. The $160m hit should be a little less painful given the increase income we are receiving and can be made up and tolerated.

The broker note only highlights that these guys are reactive and clueless. I wonder how many of them actually get off their arses and go out and do site visits instead of a desktop analysis from the comfy downtown office or home as the case may be. In that respect the brokers are useless except for selling their own book.

I'm more interested in the buying/selling action prior to the release and how many lined up and profited from the malaise this announcement caused.