Ann: Quarterly Activities Report, page-8

Well FEX holding is now worth about 27.5m with options intrinsic value only (go FEX I read a research report with a price target of 68c vs 40.5 yesterday so more upside here). Increasing to 19m from 5m other stock investments would have used cash from investing which doesn't appear to have impacted end cash - that's +21.5m extra current assets on FEX and other stocks. Not where I had hoped value coming from, but certainly helps. Bringing forward impairments makes little difference to forward value but will help tax, although they paid 2m in tax this quarter. The price adjustments I assume do relate to Q1 with +42m cash generation (smooth it out). I would like to see their stock holdings in year end reports, but really its wait for an acquisition before any real price moves north unless China gets its a into g..............