Ann: Appendix 3E , page-8

Aka,

Gotta love the old "Magic Pudding" theory.

I wonder how well it works in the frail markets that appear to be at out doorstep just now?

There is a fair slab of capital still to raise, but declining confidence out there on the world scene. Our own markets are reflecting some of that renewed concern.

I wouldnt be betting that The Magic Pudding keeps going as it has previously.