Usually I wouldn't post this, as I think everyone should do...

Usually I wouldn't post this, as I think everyone should do their own due diligence, but I think I will break my rule for this fact.

Page 72 of the annual report shows a trade payables liability for the JV of 425.966MM. It is still in commissioning and Ansteel seem to support, but think about it this way:

When the mine is up and running and cash flow positive they have obligations to pay the trade payable ~425MM and debt ~1787MM + interest partially offset by the 141MM they have in current assets. Will the cash flow support this? I leave this to everyone holding or considering the stock? What would the value be of Lodestone if they sold it?

My uneducated opinion really thinks we need someone with a strong balance sheet to realize the value of this project, hopefully someone is interested in this current market. Granted will Ansteel want to deal with anyone else or want them to sell it?

Again I will reiterate I don't blame management at all, as they got a 3bn+ investment up and running that most people couldn't do. However, given the current balance sheet and unforseen events should we continue? Again I am way to far away from the detail to dictate strategy but wow that is a big payable number!