webcast comments

Just finished listening to the webcast. The following are the main points I have picked up:-

1. SFR - waiting for the deep drill results. will review where they stand after a year (July 11)
2. With all the dividends and capital management ($600m returned to shareholders by June 30 plus the buyback following), TB indicated that there would still be $1B for acquisitions and growth. OZL is just returning excess capital/ He indicated that P Hill is generating significant cash.
3. Sometime next year they will begin to pay tax & franking credits will then flow.
4. TB indicated that script and debt were also available for acquisition.

HT1