Ann: Market Update Amendment to Syndicated Facility Agreement, page-43

They are capitalising an extra $72m

Is this right?.

Aren't they capitalising some and providing facilities up to $40 mill to allow wriggle room? The $40 mill is new debt, not interest.

I agree the company is hanging on by a thread but still feel these measures are relatively tame compared to expectation.

There was absolutely no mention of swapping further debt for equity at this stage, giving the company the best part of another year, with hopefully enough funding leeway, in order to really get spending under control, sell off anything that is not performing as expected and show they have a viable business model.

I might be reading this wrong, but apart from the accumulated interest, what other dilution are you guys expecting....nothing else has been mentioned in this announcement.

Milesy