Hey hef,Guessing there'd be no way gunns are to take fea on,...

Hey hef,

Guessing there'd be no way gunns are to take fea on, given the asic requirement for the itc timber purchase, and all that drama!

To answer the other point, gunns have some $55mil 'left-over', that I calculate.

I'm assuming fea s/p is waiting on the 1/2 year report - due late Jan - mid Feb 2010?
No 1/4'ly update that I'm aware of (or have I over-looked a report?).
Given the ramp up in milling activity, would assume a positive report, particularly wth the gearing lowering after the cap raising!

Waiting patiently?

Cheers :)