short qrn, page-2

Furthermore, the media release on 29 December 2010 indicated the company was assessing the "longer-term impact" of recent flooding on tonnages and the network and "talking to customers to assess current mining production", raising the possibility of downgrades to earnings forecast in the original offer document.

In my opinion an earnings downgrade would have a significantly negative impact on the share price and could come at any day.

Short position.

Dreamcatcher