lyn contract to go ahead?, page-2

Hi guys,

Just to answer some of your questions:

1) China's investment into LYC is being held up by the FIRB for the time being. It should expire sometime within the first 2 weeks of September. This means that FIRB has to provide a decision soon. I don't forsee a problem with the investment as it is not of national significance. However the risk is always there..... i.e. retribution for the RIO saga.

2) Secondly, FGE should be reporting around the 27th August. +/- 1 day.

3) I expect a very small dividend to accopmany the result.

4) Just have a look at what happened to ZGL today after their fantastic result.

5) Gorgon's off-take agreement with China and India bodes really well for the WA engineering sector. This will be the biggest ever investment into the WA economy. For the matter of fact, it will be the biggest investment decision ever into Australia. This will definitely benefit the likes of FGE. Lots of spill over work to be had in the next 5-6 years.

Apologies for such a short post this time round. I will post a more detailed note when I have more time.

Happy Investing.