possible scenario

Will be keen to see cash and receivable position at 31 December 2012 in the half year report which should be out by Thursday latest.

Possible scenario:
- most of the cash from iron ore sales has already been collected at period end
- poor cash position
- still only 4/9 or 5/9 of plant commissioned indicating end of April target may not be met
- Impending debt repayment later in the year for which there may not be sufficient cash --> Additional capital raising

Stating the obvious possibilities for poor share price:
- accumulation
- impending capital raising