Big John:          (speaks to Wayne)  Have you faxed the preliminary final report to the ASX yet?

Wayne:                No, the fax machine’s not working.

Big John:          Can’t we get it fixed?

Wayne:                      Not before Monday, don’t worry, I’ll bring one in from home.  By the way, the numbers don’t look good.

Big John:          What do you mean, they don’t look good?

Wayne:                      Well revenue’s down.  Profit’s down.  We still owe the bank $650 million.  And we’ve run out of cash again.

Big John:          Didn’t we offload a few cases of that pinot to the cleanskin company?

Wayne:                      Yes, but that only covered the interest bill for a couple of days.

Big John:          I know – let’s ring that guy from the mainland, you know, the one trying to sell some trees?

Independent director:  Elders?

Big John:          Yes, that’s him.  Buy some of his trees, and do a capital raising, but raise about $45 million extra.  That should keep us going.

Independent director:  What about due diligence?

Big John:          No, I don’t think he works there anymore. 

Independent director:  No, I mean an in depth investigation into the value of the Elders assets.

Big John:          Don’t be a fuckwit.  We’ve been cutting down trees for years.  What do Elders know that we don’t?

Wayne:                      What should I tell the ASX?

Big John:          Why should we tell them anything?

Wayne:                      It’s a requirement under Corporations Law.

Big John:          What, like that stupid continuous disclosure requirement? 

Wayne:                      Sort of…

Big John:                      Well tell them something.  Give Rachel a call, too.  Tell her it was good work on the Scottsdale thing. 

Independent director:  What about the pulp mill?

Big John:      What about it?

Independent director:  Well we told the exchange in June that we’d finalised a preferred joint venture partner.

Big John:    Well tell them that again.  It worked last time.  Get that Matt from the PR company to talk it up.

Wayne:  John, the guy from ANZ keeps ringing.  He’s called 17 times this morning. 

Big John: Tell him I’m out of the country finalising finance for the mill.

Big John:          Any thing else?  Where should we go for lunch?

Meeting closed 11.03am

(to be continued)

Meeting opened 11.00 am, Thursday 27th August 2009.