properties are a billion dollars short, page-12

thats right......as it was before the carnage

however they will need to sell off i think

reduces the debt, also reduces the equity and the assets

they have 26bln in assets

LVR of 65%

So 9bln in equity



In a nutshell sell off 35% of assets

or 9bln worth

leaves 40% on those sales or 3.6bln to pay off the debt


assets then $17bln

equity around $6bln

SP currently $1.30

MC around 1 billion....with 6bln equity

lol...........i need to buy more