Concerned Shareholder, page-89

We don't really need to spend money on upgrading the resource at this time. The real concerns at present are a probable late start to production this season, no cash flow until a month after the first ship sets sail, uncertainty with the high level of costs of production and if they are actually going to reduce this year and just a level of unease about what is going on with various personnel changes. A change for the better, or signs of internal tension?? Hopefully the former. While the question marks linger the share price will stay where it is and there are signs of a slowing world economy and increasing supply of bauxite from elsewhere.