mail from mr. hacon, page-5

rockjumper, when do you think the cycle will end? As the likes of RIO /BHP and Vale have billions of dollars of expansion planned in the coming years.

I don't understand "cash in its ships"? Vague

Again you have an active interest in IDO as a previous holder, obviously they disappointed hence you do not chose to hold. Maybe that is a good decision, but don't come onto a thread with the "I told you so attitude".

There is no prize at the end of the day, IDO is just another investment which I think may deliver if they can answer the same sort of questions any other producer has at this point of the project.

How is this all to be funded.

I have oil stocks that have oil and good cash positions, but are not fully funded that are being treated in much the same fashion.

Bear markets tend to do that to stocks.