Ann: Marketing Update, page-2

Morning all.

really good announcement. Management are on the ball & adjusting marketing to fit current & future conditions. We knew we had high quality management. It’s a bit frustrating at times, but their hands are tied on some issues, so this is welcome news and was what I was hoping for. More to the BSM’s and only export when we can make decent profit.
the 65% IO price is still ok and we would get a premium on top of that for our even higher grade. Export gets the basic 65%, less freight costs. local gets the extra premium and I would expect some of that export cost saving. I still assume we would probably be splitting that export cost with the BSM’s. We’ll get an indication in the half yearly report. They don’t give much away in the quarterlies.

cheers,

ned.