FIRSTLY HAPPY ANZAC DAY FELLOW RES PEOPLE - lest we forgetWhile...

FIRSTLY HAPPY ANZAC DAY FELLOW RES PEOPLE - lest we forget

While PJ rejecting the debt package is good for SH on a LT basis it certainly doesnt give the mkt any confidence that a patchwork finance approach will be anymore viable. PJ will get there i am sure but def ST pain in SP performance.

The market (instos) know there is a 100-200 equity raise round the corner so the cheaper the shares the more shares issued to the big players - they might be walking this SP down - more dilution for us and mgmt team.

Def need some 'unlocking of project value' as per the many presentations

Nothing we can do but watch unfort

I stick by 1st coal in Jan 2016 prediction