Ann: Funding Update, page-3

Better than nothing....but only a little bit better.
Patience dried up about 3 yrs ago.
Comforting they are still progressing but find it hard to believe it takes thsi long to work a model out and pull the trigger.
More believe, they have been waitng for the economic climate for coal to look more positive......this may not happen for some time yet.

Not sure PJ is earning his money...especially with the "we're working on it" news...especially when that was the news about 2-3 yrs back as well.

PnB