Real Issues ?, page-4

thnks AustinHealey

I agree that inventory management is sound. we don't see "inside" the Toll-MRM joint venture (due to jv accounting).

I would very much like to see the days recievables at a "more reasonable" number ....I rekon this is one area that there is excess capital tied up in the business (and I also guess that getting cash out of giant oil co's can be difficult - when they are a major customer).

they have greatly increased the targeted asset sales (from abt 25m to abt 70m in total)

is the video on the website as yet ???

rgds

V_H