on the turn around, page-8

Sun,

I commend your adding ability.

You mentioned both debt and liabilities in the same sentence. This is misleading, and a mischevious.

Liabilities are not the same as debts. They are line items on a piece of paper. Debt, or money borrowed is the real question. Are you telling me there is a point to talking about the $12 million provision for the environment, or tax liabilities that can be offset against losses (circa $26mill from memory).

For my figures, click on my name and a few posts back I listed my estimate for debts, for Dec Qtr. Yes add, the next drawdawn of ABSA as it will happen this QTR.

Owing $60mill with a MC of circa $30-$40 mill is too high, but listing $130mill is misleading.

Its the equivalent of me coming on here waiving a victory flag for $1mill EBIDTA. Before I could hit the post message button, ABU would be all over me and reminding me of the horrific $50 million loss that followed "maiden profit"

No suprises in the quarterly for mine, 3 mines up, good start, keeping pumping the black stuff, and continue trimming your fat gut.

All the best,

WEBK