latest update on voluntary suspension, page-43

Fair play Sydney, I did get that wrong.

I’m actually having trouble differentiating between the capex and the capitalised opex in the qtr’ly.

I understand that DML are allowed to capitalise the operating costs until they hit the design rate of operation.

After just stating that I look forward to seeing the back of you, can I humbly ask you to explain the ‘development’ section in 1.2(b) on page 1 of the statement, and again at 4.2 on page 3.

This footnote is obviously the offending piece “* These costs represent capital development costs, not capitalised operating costs for the next quarter. Capitalised Revenue and offsetting capitalised operating costs are not represented here.”

The fact they aren’t represented anywhere makes it kind of difficult to get a handle on them.

Presumably the item a 1.2(a) covers capex and capitalised opex, particularly as there’s nothing listed under 1.2(c) being ‘production’.

You are correct that there have been significant discrepancies between these two figures in previous qtr’ly statements. I know they are referring to different accounting principles, but I don’t know how and why.

I don’t want to add to any unwarranted optimism, so please set me straight.

Thanks in advance