I think it was interesting that he said, the board have around...

I think it was interesting that he said, the board have around 20% and in and around them another 20% so with min and Gina having the reported and speculation of 24.9% we only have 35.1% liquid in the market.

1.3 billion at 35% is 456 million so with the shorts now sitting at 53 million this could explode in better than anticipated results from bolt cutter and pilgangoora north.

I understand why 50-60c would seem viable but do we really expect min res to take a 30% haircut considering their debt levels and somewhat troubling past few months? I think the washout will be above their 85c entry level myself.

cheers