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A disappointing week for the S/P, like a balloon with a pin hole slowly going down.

Should have had news about the first shipment of Iron Ore, it was to have been the 15th Dec. They did have a small problem with a conveyor belt which took a few days to replace. So next week we should have some news. Once they get this first ship load away, by my calculations they will need to ship 80,000tns every 28 days to reach 1mtns for the year. They are looking at putting on two shifts and making it a 24 hour operation, this will certainly give the bank balance a nice lift.

Derek Fisher made mention on Boardroom Radio that the Term Sheets for the finance could be settled before Christmas. Must say I was hopping that we may of heard some news this week. So with only a few more days perhaps it will come next week. Got to be patient with MOL but its been a long wait.

May I take this opportunity of wishing everyone a very Merry Christmas and a prosperous New Year.