Agree, Bigd, you should not wait for the next 5B for information...

Agree, Bigd, you should not wait for the next 5B for information before discussing future cash flow matters.

From memory it is due out on 24 April.

You are now in the red zone and need to be well prepared if you want to be ahead of the pack when it is released.

These are my thoughts on 5B

!. This is very useful document, but I don't fully trust it for accuracy.

Don't trust it implicitly. Please correct me if I am wrong but my understanding is that Appendix 5B, while it should be formulated with the greatest care and accuracy, it is not required by law to be audited. This leaves room for maybe unintended errors. Not the most comforting situation to be in.

2. It lacks detail.

3. STX has a budget and a works program.

STX should/will have a very clear idea as to what the forward expenditure will be.

But what do they do; they let us grapple with the useless accounting figure of Item 8.7 of the report, and without any qualification in the preliminary part of the report to clarify its accuracy or otherwise. IMO, disgraceful.

But this is the best we have got, Bigd, and we have to fill in the gaps and work with it.

Further discussions might deliver some gems.

Just MO. J L.