Ann: CER Purchases Foreign Exchange AUD Call Opti, page-5

re: Ann: CER Purchases Foreign Exchange AUD C... correct defabs again....but what they should of done when they were selling all there aud months ago is to keep aussie 500 mill because of this instead of selling on the way up between .9300 and 1.00 ....that way we would of saved appox 14 mill and got a better result when we colsed those hedges.....imo


regards....