Email to Scott Morrison and Chris Bowen, page-29

Lets assume that our assets are top notch as some seem to believe,

High reserves
Lowest cost
Very high grade.

Or even middle notch for that matter.

We must have the most incompetent negotiators and management that they have been and apparently still are negotiating for what 5 plus years and are still unable to secure any deal. What exactly have they been paid for. Total failure in their job and obviously not capable. Absolutely zero result, if i did that in my job i would be sacked. In fact i would have resigned through pure embarrassment.

Now assume the assets are bottom notch. Then managemnt has a hell of a lot more to answer for.

Either way you cut it the apple is rotten in the middle.

If you think you haven,t lost your "dow" yet you are the proverbial dear looking into the headlights or maybe the ostrich with its head in the sand?