Lots of tax loss selling likely to be coming SHP's way given the...

Lots of tax loss selling likely to be coming SHP's way given the past years SP performance. An opportunity to buy on the cheap for those who are prepared to hold for 12 months.

Having met with them when they came to Sydney, i'm happy to hold and take a longer term view. Not trading so not worried. The important thing is that they get the funding, which based on EU de-risking / investment strategy and themes, I'm confident they will.

Currently the same product has to be transported by ship. Local EU production and rail puts them in the bottom quartile for production cost i.e. once it's up and running, they'll have a huge and unassailable price advantage. And that is why we hold.