agm attendees & the way forward, page-9

SCarluccio,

I hope they value your insights as much as we do. Would you agree that they should be at $1 after Q3 report comes out, if they have done all the right things? and that if they are way below this by then that proves there is still something badly wrong and they need to address it?

By Q3 we should have details of debt restructuring and they should be making in excess of $4m operating profit per month and have done a decent job on marketting themselves. I take your point on hedging, but feel they should not be panicked into it by the recent fall, but trust that Jinchauan has sufficient forward visisibility of the Ni market to know when and at what price to hedge, or do you feel that Jinchuan have too much of a vested interest in them not hedging?