surprise

I must say that I am surprised by the lack of interest and the S/P at present, would have bet that it would have been a lot higher but that's the market for you.

Last August we saw MOL go to $1-90, they had $150mil of debt, very little chance of finding finance and yet there were buyers willing to pay that price.

Today we have a cornerstone investor,which you can bet your bottom dollar on that they will arrange the finance. They would not have invested $200mil if they had any doubts IMO. They also will want to expand MOL at some stage to 20-30mtpa so I am very happy to go along for the ride. We are in a much better place today but the market sees it differently, give it time.

I leave tomorrow for my annual trip up north to Broome where I will spend the next 4 months fishing and just relaxing, gee its great being retired. No computer so will have to leave it to you long termers to guide the ship.