Ann: Main Roads Project Update, page-9

Well we are now onto GFC 2 ( or is it 3) I haven't seen the pressure of sellers in this stock like we have had in past sell-downs - my opinion - is it because we are already at support and 19.5c is absolute bottom price or do you think that those in the know expect better results and as such there is just a lack of sellers.

Not sure but normally these stocks that have disappointed are those most vulnerable in a sell-off - So why have we not had the volume - Or are we all waiting for arbitration.

I can only tell you my decision - I am happy that they recovered $2.5m and I am of the opinion that the company is worth at least 20c under those circumstances and believe it is worth more than 30c if they get a decent payout from arbitration.

So even in a recession this should hold 23 to 25c so I am not a seller.

Any thoughts?