Ann: Appendix 4C - quarterly, page-4

Agree with your comments. 50 cents should be the minimum from here. It will be an interesting day now more information is available. I think some people probably sat on the sidelines yesterday waiting for the quarterly, but the quarterly looks fairly solid and now the 274m AUD contract (and no need for capital raise) can be factored into the share price. The next few weeks will be telling of FLC's future. Privatization is a still a risk and prospective investors are cautious given the trading history. If confidence builds then the re-rate will be swift. If shares from previous capital raises continue to be offloaded at a loss to offset buying interest, then Lauder or his cronies will make a play. All IMO.