Ann: South Erregulla Update, page-19

I hold Strike and have done for years and I hold "the other" potential listed fertiliser company in South Australia. Huge CAPEX but opex way lower than Haber would ever be, and going forward that will be key.

I've never liked the Haber idea - wrong gas for fertiliser - and costs of production too high. I far prefer the approach STX is now on, which in a significant part has been determined by the actions of potential suitors with bigger pockets.

I feel STX is in a race to enhance its value as high as possible because at the end of the day I am sure this will get bought out. We all just want a reasonable price and the SP now does not reflect that. I also want it to stay in Australian hands.