re: profit downgrade...response from md, page-3

re: profit downgrade...response from md At times better not to be a sheet. I bought this week at $3.69 and $3.71. Company could not have been more emphatic over the past 6 weeks as to the soundness of their profit expectations for June 2006. Confirmed both in presentations and directly to ASX. Maybe I shouldn't take them at their word, however I have. A lot of negativity appears to be factored in here. A "no surprise" result should see this back to $4.20. A positive 2007 result will see this back to $5.00.

MJS