Ann: Quarterly Activities Report for period endin, page-9

re: Ann: Quarterly Activities Report for peri... Well, I must admit to being totally perplexed! I've just been through the quarterly report again - for the third time - and I'm blowed if I can see anything in it that would cause a sell-off. Everything is good:

- record quarterly sales

- average price over $56/lb (cf spot of about $44)

- new long term contract starting in 2012

- initial move into China directly

- further expansions approved and underway

- Kayalekera slower than expected but progressing nicely

- Mt Isa, Biglryi, and Angela all progressing nicely

I really can't see anything but good stuff in there. Gawd knows what the "analysts" were expecting, or who it is that is doing the selldown and shorting, but what do they want from this company?

I'm holding.