Ann: Preliminary Final Report , page-3

Opto

I had a look at the results and I wouldnt be so positive. 30 June is the best cash position for FEA and it worsens during the year as they pay out MIS expenses. Also MIS revenue was $82m last year but will fall dramatically to maybe $30m this year causing probably a fall in profit of about $20m. Losses are set too build at this company and the mill will not make profits in the current environment. I am still very worried about this company.

Just my view..the main hope is that GNS buys it, probably the only hope and they seem in no hurry....but maybe they will...then you will be saved but I dont think the company makes it on its own..