hi kango,current cash is 333 M $ cash .Add another 5-8 M$ for...

hi kango,
current cash is 333 M $ cash .
Add another 5-8 M$ for converted options and you end up with approx. 340 M$ current cash. ( 80M$ to be received by MCC)

Imagine what they could do with that cash! Several Takeovers of some very cheap iron ore companies with great assets which had to suffer in this credit market turmoil.
Cash at bank will earn some nice interest rates which will add shareholder value.
Cape Lambert South could add another 300M $ to the bank once Jorced and sold.

This stock is a great stock to own during these turbulent times and I will gladly top up at any weakness in the sp post dividend.