Ann: Update from Receivers and Managers, page-113

Let’s get something straight here and now. The delay is to sort out the tussle between the major shareholders all protecting their positions . MAH is owed 30 mil MAQ is owed more , the whole thing is complicated by the 40 mil in rehab cost that CAI signed up for. There is zero ZERO value in CAI but MAQ can not write off its loss unless the company is wound up. Then ask your self this if you are an investor what asset would you purchase and how much would you pay for it. I would pay 250,000 for Waroona but who is going to move my ore? The only ONLY good thing to come out of this debarkle is Marble Bar Airport that will now service a few locals and even less tourists. In my HO O