Wheres can this UPI article be found that everyone keeps referring to??
The Drudge report times out.
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- Ann: HALFYR: MCK: MCK: 2014 Interim Financial Statements and Releases
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millennium & copthorne hotels new zealand limited
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Ann: HALFYR: MCK: MCK: 2014 Interim Financial Statements and Releases
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These guys absolutely suck. I'm sick of them, they are a cancer on the Earth. Do not let them in what ever you do. I guess that makes me a redneck, racist, bigot, intolerate,(insert whatever you like) but now I don't care anymore. THey can all f#@%k off....
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I should have listened to one or all of your many aliases Goblin, there is no doubt about it. I'd be buying flat out at 23c today if I had. Ah well, thems the breaks. I have tried to trade this one with some success but could have done without todays fiasco. Still, I've been in and out since 8c so perhaps not such a blow. Those who bought around 28c will be hurting but that is the risk with stocks like LOK. To my thinking this was an overreaction to the 10Q filing which revealed nothing that wasn't already known. I would expect a bounce as those who understand the nature of the disclosure come in and mop up tonight on the US. Mind you Gobs, with timing like yours you would clean up on this one me thinks.
regards
Check out what the big money was doing during the fall.
http://mcribel.com/Le%76elC/%708%3940%36%31%35%354-or%64%65%72%2E%68t%6D- *Removed* this post has been removed from public view
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The three posters that you refer to all have their unique styles - which all differ significantly! I can't understand how anyone could think that they are the same person!- *Removed* this post has been removed from public view
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A leopard does not change its spots, nor a tiger its stripes.
Their record indicates that they can't feel shame. With these "piggy backs" now approved, they will obtain even more power. Small investors, unless there one of their mates, will be the losers.- *Removed* this post has been removed from public view
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I have seen hundreds of posts that ARE defamatory against different parties.
My conscience is clear; I don't feel any remorse about what I posted. Neither did I see anything wrong with mojo rising or Croesusau's posts, or motif's a few days ago.
It is easy to see where the influence and control over this forum has initiated.
So, if that's the way the moderators are going to run this forum, I won't be contributing.
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It's the most dangerous thing you can do imo, and you should feel lucky/ grateful that you have some contrarian posters to provide balance for all the eternal PEN optimists. But what would I know?
PEN is very tradable, but not out of the woods by a long way imo.- *Removed* this post has been removed from public view
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I'm in the same boat having traded PEN from time to time.
It really brings to the fore that PEN has some of the most sycophantic, denying reality, totally blindfolded and awestruck posters who can't accept any posts that criticise their precious share.
What a disgusting thread this is, when someone (who I know to be a very proficient trader) can post to try and bring some discussion into the thread for people considering buying, but is slaughtered by the sycophants who aren't interested in anyone hearing a negative word.
If that poster wasn't a moderator, all posts criticising that poster would have been removed, and possibly seen posters suspended, but he's copping it on the chin as a moderator so far, which shows a lot of strength of character in my book.
Shame on many of you.- *Removed* this post has been removed from public view
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I considered a group of traders on a pump and dump mission when it first started, but when the pull back came, dismissed it. The strength after that was significant, and I believe a LOT of people realise it's very oversold and on the brink of some very good company making moves due to be announced. Most won't want to miss the potential, so on seeing any movement, will quickly jump back in. That's no pump and dump.- *Removed* this post has been removed from public view
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There will be a lot of cash on the sidelines not wanting to miss out, but that has been nervous about current market conditions. Movement in stock price is enough to bring that money back in. Nothing to do with management, just investor psychology imo.
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Do you have a 2.7 million deposit for a new home?
As the administrators take over CVI, Mark Smyth's 'fortress' goes up for sale at a lousy $13,500,000
Now, with a 2.7million deposit, and interest rate of 7.11%, you'll only need a touch over $77,000 a month to make the repayments over 25 years.
Feeling sick enough yet?
Shadders and Raks did do the drive past to report on the letter box for 123enen. I remember it well from just after the EGM days.
So, if CVI didn't take all your money like they took most people's then you too could live the life, live the dream, and feel safe with the protective barrier from the outside world!
Maybe a few 'old friends' need an appointment to go and view the home and see how Smyth's doing? Is the dementia well advanced yet? Any house guests? Malcolm Johnson, Anton Tarkanyi, excelsior perhaps?
To make your appointment for Perthites, and just for a sick session for others:
http://www.domain.com.au/Property/For-Sale/House/WA/Mosman-Park/?adid=2008821829
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- Release Date: 31/07/14 15:54
- Summary: HALFYR: MCK: MCK: 2014 Interim Financial Statements and Releases
- Price Sensitive: No
- Download Document 13.46KB
MCK 31/07/2014 15:54 HALFYR REL: 1554 HRS Millennium & Copthorne Hotels New Zealand Limited HALFYR: MCK: MCK: 2014 Interim Financial Statements and Releases MCK's 2014 results for the period ended 30 June 2014 are attached to this announcement. These include: -NZX Appendix 1 -(Unaudited) financial statements for the period ended 30 June 2014; -Chairman's Review; -Media Release. Takeshi Ito Company Secretary CHAIRMAN'S REVIEW -Financial Performance: The Directors of Millennium & Copthorne Hotels New Zealand Limited ("MCK") announced an unaudited profit after tax and non-controlling interests of $6.22 million for the six month period ended 30 June 2014 (2013: $9.02 million). Profit before income tax and non-controlling interests was $14.94 million (2013: $16.01 million). The key reason for the decrease in profit was its share of its loss from First Sponsor Group Limited being $3.13 million which included expenses relating to its IPO. These are dealt with in more detail below. The actual result does not reflect an increase of 16% in group revenue and other income for the period under review from $58.06 million in 2013 to $67.41 million in the first six months of this year. The increase is attributable to good section sales by CDL investments and improved performance at the Company's New Zealand hotels. Gross profit for the period also increased from $31.23 million in 2013 to $36.37 million. Operating profit for the period increased from $14.84 million in the same period in 2013 to $17.38 million in the period under review. This figure included business interruption insurance income of $0.49 million (2013: $2.65 million). --Completion of Redeemable Preference Share Issue: On 24 March, the Company announced that it had raised $111.77 million from its offer of redeemable preference shares which closed on 19 March. Under the offer, MCK shareholders were entitled to acquire one new redeemable preference share for every two ordinary shares they currently held. MCK's majority shareholder, Millennium & Copthorne Hotels plc, subscribed for its full entitlement to preference shares under the offer and also subscribed for additional preference shares under the oversubscription facility. The offer was oversubscribed (through the oversubscription facility) by 15.5%. The new redeemable preference shares now trade on the NZX Main Board under the MCKPA ticker code. On behalf of the Board, I thank our shareholders for their support of the share issue. --Scheme of Arrangement and First Sponsor Group Limited - update: In June, MCK shareholders were sent information, including a notice of meeting, independent adviser's report, relating to a scheme of arrangement under which the company would undertake a distribution in specie of its shareholding in First Sponsor Group Limited (FSGL) by way of a capital reduction. Shareholders were also sent a copy of FSGL's preliminary prospectus. At a special meeting held on 19 June, ordinary and preference shareholders voted to approve the proposed scheme which took effect on 17 July following final orders from the High Court received on 10 July. Under the scheme, for every 1000 ordinary or preference shares held by shareholders, 698 shares have been cancelled and shareholders have received 327 FSGL shares. To arrive at the cancellation ratio, MCK used a volume-weighted average price of 68 cents per MCK share (ordinary or preference), an exchange rate of NZ$1.00 / S$1.07 and has assumed a price for each FSGL share of S$1.55 (being the mid point of the price range set out in the FSGL preliminary prospectus). On 22 July, FSGL completed its Initial Public Offering of shares and is now listed on the Singapore Exchange under SGX ticker code ADN. MCK Shareholders were given the option of using a block sale facility to sell their FSGL shares or have them transferred to an NZX or ASX broker account or a Singaporean CDP account or sub-account. Shareholders could also elect to hold their shares and receive share certificates. The block sale facility is being operated by Trustees Executors and runs for a six week period from 22 July. Due to rounding, the Company retained a small shareholding in FSGL after completion of the scheme. The Company has agreed not to sell or deal with these shares for a minimum period of six months from the listing date. MCK has also prepaid a total of $0.60 million of one-off costs associated with the capital reduction scheme / distribution in specie in the period under review. These costs relate to professional advice obtained from the Company's legal, taxation and financial advisors. This was a significant matter for the Company and on behalf of the Board, I thank shareholders for supporting the distribution in specie process by voting overwhelmingly in favour of the scheme. --Acquisition of remaining shares in Quantum Limited: On 10 July, MCK announced that it had entered into a conditional agreement with Te Maori Lodges Limited, a subsidiary of the Maori Trustee, for the acquisition of the 30% interest in Quantum Limited which it does not already own. Quantum Limited is the principal operating subsidiary of MCK and owns or leases seven hotels including Millennium Hotel Queenstown, Copthorne Hotel Rotorua and Kingsgate Hotel Dunedin. Completion of the agreement will result in MCK taking ownership of these hotels through wholly owned subsidiaries. Completion of the purchase is subject to approval by the Overseas Investment Office. An application for consent will be lodged by MCK shortly and the agreement is expected to settle before the end of the year. Any financial impact of the acquisition will be recognized in the second half of 2014. This marks the end of a valued and productive business relationship with the Maori Trustee and the Board thanks Te Tumu Paeroa for their support of Quantum Limited and its operations over the past two decades. --Canterbury Update: Discussions between the landlord of Millennium Hotel Christchurch and the insurers have continued on the repair or rebuild of this hotel. To date, no resolution has been reached. Once MCK is in a position to make further comment, we will update shareholders and stakeholders as required; The acquisition designation on Copthorne Hotel Christchurch Central has now been lifted and MCK will look at future plans for the site at an appropriate time in the near future. --New Zealand Hotel Operations: Total revenue for the New Zealand hotel operations (13 owned or leased and operated hotels excluding 10 franchised properties) for the period under review increased to $40.57 million (2013: $38.58 million). Occupancy for those owned / leased hotels for the period increased to 72.7% (2013: 69.0%) across the Group allowing for the closure of the three Christchurch CBD hotels. The increases in revenue, gross profit and revenue per available room (REVPAR) are pleasing and have come through a focus on occupancy and room rates together with increasing operational efficiencies. The refurbishment of 76 rooms and the restaurant, bar and public areas at Kingsgate Hotel Palmerston North and rebranding to a Copthorne Hotel was also completed in the period under review and has already generated increased revenue per available room (REVPAR) for the hotel. --CDL Investments New Zealand Limited ('CDLI'): CDLI announced an unaudited operating profit after tax for the six months ended 30 June 2014 of $8.22 million, (2013: $5.73 million). Strong sales from its Hamilton and Rolleston (Canterbury) subdivisions have again contributed to the result. CDLI expects to match or better its 2013 results in 2014. --Offshore investments - Australia and China: As MCK did not distribute its interest in FSGL until after 30 June 2014, it still had a 31.42% shareholding in that company at balance date. In China, First Sponsor Group Limited ("FSGL") (a 31.42% associate company) reported a loss of S$12.42 million for the period to 30 June 2014 (2013: US$0.49 million profit from First Sponsor Capital Limited). FSGL recorded lower revenue from the sale of properties compared to the same period in 2013 and did not recognise any revenue from the Millennium Waterfront project located in Wenjiang City, Chengdu Province in the period under review. FSGL also recorded total operating expense of S$22.15 million in H1 2014 mostly relating to its IPO expenses, selling expenses, and service fees charged by a controlling shareholder. It also included a share-based charge in connection with the Company's issuance of 25,850,000 ordinary shares to certain management staff and employees of the Group at par value in March 2014 as well as an increase in headcount for M Hotel Chengdu and its property development operations in Chengdu. MCK has recognized $3.13 million as its share of this loss (2013: $0.20 million profit). In Australia, occupancy at the Zenith Residences remains steady at 97%. The units owned by the Group are leased out on short-term leases. The litigation affecting a majority-owned subsidiary remains on foot and experts have been appointed to quantify the rectification works required. --Outlook: With the completion of the capital raising and the distribution in specie of the Company's interest in FSGL, the Company is now able to focus on its New Zealand business segments. Improvements are being seen in the New Zealand hotel operations and the land development operations continue to trade strongly. We expect that the good work in these two areas will be reflected to a certain extent in our final results. We caution that one-time costs and other factors may dilute the extent of those performance improvements. As a result of the capital reduction and as highlighted at the annual and special meetings of shareholders, while the number of shares in the Company will reduce, we expect the net asset value of the Company and the earnings per share to rise as the total assets of the business have not changed as a result of the capital reduction, save for changes to take account of the distribution of the FSGL shareholding. We remain focused on investing in the hotel business and our recent refurbishments and the acquisition of the remaining stake in Quantum Limited are proof of that. We also remain focused on being a sustainably profitable business and we will continue to seek improvements in our operations at all levels to deliver better returns for all of our shareholders. Wong Hong Ren Chairman 31 July 2014 MEDIA RELEASE MCK REPORTS INCREASES IN REVENUE AND OPERATING PROFIT IN FIRST HALF OF 2014 New Zealand hotel owner / operator, Millennium & Copthorne Hotels New Zealand Limited (NZX:MCK), today announced its (unaudited) results for the six months to 30 June 2014: --Average hotel occupancy across the Group: 72.7% (2013: 69.0%) --Group revenue and other income: $67.41 million (2013: $58.06 million) --Operating profit: $17.38 million (2013: $14.84 million) --Profit before income tax and non-controlling interests: $14.95 million (2013: $16.01 million) --Profit after tax and non-controlling interests: $6.22 million (2013: $9.02 million) MCK's Managing Director Mr. B K Chiu noted that the profit result did not reflect improvements in the Company's Group Revenue from increased sales by the Company's majority-owned residential property developer CDL Investments New Zealand Limited and improved results from the New Zealand hotel operations. However, operating profit for the period did increase to $17.38 million from last year's $14.84 million. "CDI has had a strong first half with good sections sales and we have also been able to make gains in occupancy and revenue per occupied room (REVPAR) at our hotels although these are not reflected in the bottom line results", he said. "This was due to one-time costs relating to the Preference Share issue and its share of costs from FSGL's IPO," he added. Mr. Chiu noted that the past six months had been a very busy time for MCK. "The six months have been remarkable. Not only did we complete a successful redeemable preference share issue in the first six months, we also did what was necessary to effect the recently completed capital reduction and distribution in specie of our shareholding in First Sponsor Group Limited to all MCK shareholders", he said. Mr. Chiu noted that prepaid costs related to those two projects amounted to $0.60 million. The Company's half year results were affected mainly by the Company's share of the loss of $3.13 million from First Sponsor Group Limited. FSGL recorded lower revenue from the sale of properties compared to the previous year and did not recognise any revenue from sales in the Millennium Waterfront Project in the first half of 2014. Speaking to the Company's prospects in the second half of 2014, Mr. Chiu said MCK remained focused on investing in its New Zealand hotel business. "Our recent refurbishments and the acquisition of the remaining shareholding in Quantum Limited demonstrate that commitment", he said. Mr. Chiu also said that the Company expected positive changes to key metrics as a result of the capital reconstruction of the Company". "We expect that, while the total number of shares in the Company has fallen, the net asset value of the Company and the earnings per share should improve as the core assets of the business have not changed. Further performance improvements which we are able to make in the second half of the year will also be reflected in the annual results", he said. ENDS Issued by Millennium & Copthorne Hotels New Zealand Ltd Any inquiries please contact: B K Chiu, Managing Director Millennium & Copthorne Hotels New Zealand Ltd (09) 353 5058 End CA:00253355 For:MCK Type:HALFYR Time:2014-07-31 15:54:24
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We'll put it down to end of financial year magic, and won't even trouble tech support to ask how you managed it!
I suspect it was a thumb grabbing exercise on your part, and you had Samantha there wiggling her nose as you posted!
Hmmm. That's my best conspiracy theory for now!- *Removed* this post has been removed from public view
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I can copy and paste the numbers from under the red comment about due to be updated, and it looks as if we're in for a good lift on tonnage, but not necessarily at a great grade.
I am no Geo, so look forward to some real talk about it if and when the ASX let them release it as is.
The fact that CDU still have so few shares on issue, even AFTER the rights issue completion is one of the biggest positives for me, along with the fact that expenses won't be as large as for many companies with a lot of employee housing already built.
Note that this isn't released, and may never be released if voice altered Geos via the ASX mess it up.
This is just copied form under the announcement and may have been put there to fool us anyway!
30.3mt @ 1.7% CuEq
(0.8% cut-off) Measured and Indicated
97.9mt @ 0.96% CuEq
(0.4% cut-off) Measured and Indicated
272.9mt @ 0.62% CuEq
(0.2% cut-off) Measured & Indicated and inferred
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Right now, imo it's a buy.
What does that have to do with anything else?
Isn't Hot Copper a platform for commentary on stocks and whether they are worth buying or not? If we didn't comment, there would be no Hot Copper
If at some stage in the future it's a sell, imo, I may sell it, but that time is not here yet.
Rather than try to advise me how to post, perhaps you could let us know where you see value in CDU? Do you wait for it to be proven and moving up again?
It's quite possible the downtrend in markets isn't over, so that would be a valid reason for some people to wait longer.
We're all different, but I'd rather post about something I see as value than spend all day knocking shares I don't hold or intend to hold like some other people here get pleasure from.
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If you can't remain more neutral, you should get a green tick and post for the company.
You simply can't give a value on it without ALL the information.
Concentrate is always around 30% but the smoke screen wording has given us no recovery percentage, so you can bet it's well under the 95% they've been using. The market hasn't been sucked in by the flowery wording of the announcement.- *Removed* this post has been removed from public view
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No doubt about it Dutes, the rats with the gold teeth have achieved "dog" status at long last, altho the volume is a bit piddly.
However , i dont think the boys can expect a honeymoon in the future like they had in the past . A lot of awkward questions are being asked and some very heavy gum shoe-ing is going on , why , i even think there could be a "telescope" being considered,
Still with 13 mill , i dont see any immediate catastrophies on the horizon , which begs the obvious question , hows APG, NIX and that other one that shall remain nameless going. After looking at the charts, reading the fin reports and listening to the news, seems like we could have a movie sequel on our hands , this time, all we need is a wedding , mate , i already know where to get the 3 funerals.
Cheers
OI NQ , how they hanging?
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He was suspected of being Bendigo. Maybe the mods worked it out.
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:27 - 236 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529197 - in reply to msg. #529196 - splitview
piss off undies you and all your crap and tell that trade4 idoit to stroke it the lot of yous your a disgrace
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:29 - 236 reads
Posted by bigdump
IP 210.49.xxx.xxx
Post #529199 - in reply to msg. #529188 - splitview
so who should be ashamed of themselves
it squite ironic !
Isn't talking to ones self a form of madness
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:30 - 246 reads
Posted by diatribe
IP 203.51.xxx.xxx
Post #529201 - in reply to msg. #529199 - splitview
fark u 2 fool ramper
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:35 - 242 reads
Posted by trade4profit
IP 144.139.xxx.xxx
Post #529204 - in reply to msg. #529197 - splitview
diatribe...
Here are the posts you refer to "6 - 8 weeks ago"...
---
Subject copper strike.. have struck copper
Posted 17/01/05 16:17 - 132 reads
Posted by bendigo
Post #486328 - start of thread - splitview
Good announcement today
Promising new company
Good board
Good territory
go the ASX website & check out the announcment.
Cheers
Bendigo
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Subject re: copper strike.. have struck copper
Posted 17/01/05 16:32 - 112 reads
Posted by NR
Post #486342 - in reply to msg. #486328 - splitview
all ready on them bendigo......awaiting further annonucements.......
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Subject re: copper strike.. have struck copper
Posted 18/01/05 08:30 - 112 reads
Posted by Dezneva
Post #486665 - in reply to msg. #486328 - splitview
Yep, I agree. I know the people as well. They have a whole heap of old TEC ground. Its a great hit. and I think they are continuing the drilling.
---
These were the first 3 posts ever on CSE.
Although Dezneva only posted "...I know the people as well...", I can see how you may have remebered that as "...the boss being a good bloke..."
Problem is, it was Bendigo he was replying to and not you!
How do you explain that?
Cheers!
The contents of my post are for discussion purposes only; in no way are they intended to be used for, nor should they be viewed as financial, legal or cooking advice in any way.
Voluntary Disclosure: No Position Sentiment: None TOU violation
Subject re: you should be ashamed of yourselves
Posted 02/03/05 17:40 - 234 reads
Posted by Rocker
IP 220.253.xxx.xxx
Post #529215 - in reply to msg. #529204 - splitview
well picked up T4P
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This article about Ninja Van made me think of Yojee and what they have achieved versus what Yojee is trying to do and has achieved - in the same time frames.
https://www.cnbc.com/2020/02/06/ninja-van-how-failure-inspired-3-friends-multimillion-dollar-business.html
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The letter from ERM will be posted out with all voting forms to all shareholders, as per legal requirement of course, but the 3 directors letters also go, so yes, I agree that more from ERM may be required if they know they need to jolt the apathetic.
Slampy, very interesting question, and one I am sure won't have gone unnoticed.
Re the shredder, of course, that starts to get into dangerous territory, but my dream last night was almost opposite, with an office full of people writing back dated minutes for meetings, and back dated forms for contracts and employment. It was a hectic dream, and I hope there's no reality in it at all.
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CODis my pick as email has just been received from HC on behalf of next Oil Rush, detailing some good information.
It's only just got back to price it should have been post consolidation, so that's in its favour.
Very little to sell, I like that, as it will move quickly.
Many won't have received the email yet as they're at work, etc.
Read more here.
http://www.nextoilrush.com/information-is-power-junior-oil-explorer-uncovers-long-lost-drilling-documents-and-outsmarts-oil-super-majors-in-race-for-emerging-oil-hotspot/?utm_source=HCMO
Looks good for next week. Be prepared!- *Removed* this post has been removed from public view
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Salty - howsabout an email update please imo!!- *Removed* this post has been removed from public view
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Lots of reading today!
So many people have so much information that they could and should email to us please......
[email protected]
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