Ann: Ceasing to be a substantial holder , page-3

There is plenty of hope for bnd.

The fundamentals have not changed, just the sp sunk faster than the titanic in the last 6 months.

We have port facilities and the amount of coal we have is not in dispute. Unlike io there is not a new coal company listing every day.

We are changing management and the future is great. The sophisticated investors jumped on the capital raising and we have plenty of money in the bank.

People's bnd has potential. We have the coal. We have the port allocation. We have a good balance sheet. We are getting the management to combine all our assets.

Yes some people have taken a hit on the capital, but if macro factors hold in Europe this will hold a significantly higher sp come end of financial year.