Hi Alumina1. You've done a wonderful job surfacing the short exposure on Orbite, and the vulnerability of these shorts to an increase in Orbite's share price. So thank-you very much for that.

 

Perhaps the $100 million figure is too conservative. I didn't have the knowledge, and hadn't taken the time, to really drill down into $ amounts for 5N/6M and hp-silica, but I really appreciate that you've taken the effort to have a go at it. I'm just about to head out (morning coffee at Starbucks :) ), but later this morning I look forward to reviewing your numbers. I agree, if we can reasonably estimate higher revenue numbers, it makes sense to highlight these figures.

 

Thanks again for your efforts at putting together the numbers. I'll likely have some questions for you later today.

 

Best wishes,

glenn