Ann: Taurus and IFC to provide USD162.5M Kipoi Financing, page-66

Well Macquarie have put a research note out today and have said Neutral rating, 12 month price 7 cents. I guess when you screwed your clients by selling at 5 cents after buying in well above 10 cents you can't just turn around and say we got it totally wrong.....

They think the debt is too high and until they see production numbers that prove the debottling work they will downgrade. I think by the time the production ramps up (and at least TGS has been very good on that front) it will be too late to re-look at it.

All in all its all about the CU price