Incitec Pivot Ltd T.IPL

RE:RE:RE:RE:Conference call

[marketsense]

Firstworld,  you're obviously not a fan so I assume you are short.   Yes they sold AAA asset
to help fund  Heartland but it "derisks" the project.   If you remember,  the analysts were
discounting ALA heavily because of the extreme finance risk Heartland was posing and now
that weight has been removed,  but you give no credit for that whatsoever.  

How many times do companies have to sell good assets in order to move forward only to
be critiicized for doing so and then a few yrs later prove to the market it was a smart move.
I understand where you are coming from and quite frankly,  I am tired of hearing about sour
grapes.  Its still a long way from concluding that Hearland is a failure and that mgmt doesn't
know what the H ell they are doing.  If I'm wrong,  I will be the one to pay the price.