Ann: Unitholder Update March 2012 , page-3

All looks good. The debt reduction for the quarter was as expected . The net postive cash flow is very pleasing and is a reason the noteholders should agree to a discount on the deferred margin. With now only $85m out of a total of $125m in debt earning interest for them.( and falling) Their average yield is becoming very small.

In any case if no deal is done interest bearing debt will be down to $50m by christmas and the net interest income very strong.

Just hope they dont try and sell the assets of too cheaply just to pay of the debt