Ann: Half Yearly Accounts , page-17

I do agree with Brutie that if port allocation doesnt come through then NMs reputation will be in tatters (not that he has the best reputation anyway)

he has set up this company so that if port allocation fails then the company essentially fails, you can argue all you want how CAZ has exposure to other assets but if they had kept control of assets like the Hammersley project and their gold assets then it might have been enough to support the share price should they not succeed in getting port allocation, at least the company would have some sort of future

and forget esperence, just like the north west iron ore alliance, if you aren't part of the yilgarn alliance then you wont be getting any allocation so its Kwinana or nothing

happy to give NM the benefit of the doubt for now but my patience is wearing very thin, his communication to the market is shocking, he would surely be in regular discussions with Freo Ports otherwise they should have been looking to other opportunities, at least provide some updates on the other aspects of the project rather than cutting and pasting the quarterly report into the half year report