whos gonna take up the offer, page-14

re: swan river Hi all,

It's good to see some people still positive on MSC.

I on the other hand are still negative on MSC and won't be taking up my entitlement.

I need to see Vic & Co do something positive with Skardon or Swan before I will put more money in. CCG and Cominco are just side issues, the core game here is kaolin.

Boyle, if Vic can get Skardon cash flow positive in the next 6 months(i think this is very unlikely as they have been promising this for years) I would buy a lot more MSC, but until then, they won't be getting a cent out of me.

Swan River may look good but as always MSC has a working capital deficiency and will struggle to get the project off the ground.

It will be interesting to see what happens.