Ann: Rutila Invited to Negotiate a State Agreement with WA Govt., page-8

It is very good news.

A few points to consider:

1. Trading volume is normally very low during Xmas/New Year. Market is effectively on holiday. Let see what happens next week as the traders return from holiday

2. The WA govt recently reported a deficit due to falling royalty receipts. IMO its in the State's interest to have more producers on line.

3. Has the IO price already hit a low point?

4. Cost of production and delivery dropping due to falling oil (and therefore diesel prices).

We could start off 2015 off very nicely.