half year accounts

Given the GFC this is a pleasing report with all areas doing well and full year projections maintained.

The performance of Mount Romance and the continued rise in the price of IS and strong demand for its by products is IMO particularly pleasing

That combined with a substantial land bank [no capex requirements for a few years] and nil debt by the end of the year places this company in a strong position going forward

The issue of testing remains unresolved and it may be that we will just have to wait and see. I have said before that there is no evidence that projected yields will not be achieved and any evidence that exists points to the contrary view. Suggestions that the company has something to hide are unhelpful and IMHO cant be substantiated

IMHO the depressed SP is solely due to the GFC and simply offers a great buying opportunity. TFCERS are not helped by non holders suggesting that the stock should be shorted

TFCERS lets hope the projections are correct