So if there is a C/R - how much will be needed, page-14

iron ore.....with IOP > 140$/T - it was a great opportunity to develop "B" grade assets .......

ditto several other aussie plays .......

same same.....oil price > 120/bbl - lots of opportunities to develop (and explore for) energy.......cheap money ......leads to inc competition .....which leads to over investment .........which lowers margins ........which means crap companies go broke when money becomes tighter ...........welcome to the cycle boys anf girls !

having said that (and bagging management for not doing a good job......) I rekon this stock is "in play".......I would love to buy some .....and if/when they do a substantial cap raise (which will minimise risk to current major shareholder, and any new investors).

would be nice if management were a bit more transparent with shareholders ! (viz level of disclosure that other co's operating in the sector provide - see AHS posts)

rgds
V_H