Hi ChampI like the dismissal of the over run of $200M as being...

Hi Champ

I like the dismissal of the over run of $200M as being "a small increase".

I wish somebody would throw some small increases my way.

We are talking about an overall increase of more than 10%. We are now well over $1Billion over cap expenditure. this is not peanuts and is a reflection of management.

You also like to dismiss the under performance for the quarter on the cyclones. May i point out that cyclones are nothing new. These are managements' forecasts. Don't you think they should have made allowances for bad weather in their forecasts? The disappointing production figures for me was the small increase over the September quarter, given that they started shipping from the new mine in November.

Their latest forecast is 127 for 2014. An exact figure, which shows they have bigger balls than I have. I hope they have made allowances for bad weather.

I am trying to figure out how much debt they can repay by the end of 2015. Does anybody know what the achieved price in WET is? Giving us achieved price in Dry is not helpful as they sell in wet.
Thank you and regards


Pear