PEER Comparisons, page-97

I do get a chuckle out of you AUZ followers - the ones I haven't put on ignore, that is .... "I guess Arl will copy Auz again and scrap MHP production"

You all have the same problem with how you approach your investment decisions - you all just 'guess'....

Our mgmt don't flipflop like those at AUZ - and we certainly don't 'copy' AUZ, because:

• We set a plan and generally stick to it, unless there's a compelling reason to change (MHP leading to a refined PCAM product) - but of course with the largest resource available in Aust, we have flexibility to look at more than one process;
• We haven't, and won't, need a share consolidation - Didn't mgmt at AUZ say they wouldn't do a share consolidation? oops!;
• Mgmt follow through with free in specie share issues for parts of the business hived off, like KAL, GRL. How's your free shares in NWM going? Did you get any?
• We haven't had a visit from ASIC...
• Has BB repaid his non recourse loan for all his free shares yet? Or do you now wear that cost as well?
• No-one else in the 'free world' thinks a $0 offtake is a good thing...

And you're just another one, that doesn't make any sense...