ex sundance cfo appointed, page-24

Hi Barkston,
I think the market has been harsh on BAU and its management.
Despite the months of bleating , they have resisted the urge to go after fairy tales, just to produce ephemeral sp rises.They are waiting patiently for the EPA decision, as they should, not spending a lot of bucks.
WA election coming soon, will clear some political obstacles.
Hopefully the new ceo has come on board because he feels the EPA report will be positive.

For this to reach anywhere near its previous heights, I agree, need much better reserves , higher alumina price, and probably a much lower $A.
But a 50% premium to cash doesn't seem unreasonable if the EPA is ok.

cheers