Ann: Inside Briefing, page-5

It all certainly sounds like a good plan to me. A very well put together Briefing.

We now just have to have a stable or rising coal price and minimal dilution moving forward. Mike still sounds like he has got the message re our dislike of dilution, it's mentioned a couple of times in the briefing. Over time we will need money though, and dilution in one for or another is inevitable, but it's good to see that he still acknowledges the message that BMB's existing shareholders (including me) have had enough of it without significant value also being added to shareholder wealth via a rising share price.

GL77 re the XSR, it's performing very strongly, up 17.7% since the May 2014 low.