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Mark,

I agree. I spoke to the company today (i.e. Matthew Foran).

He mentioned he is becoming more and more positive by the day.

Other things he mentioned were that more parties have joined the table looking for asset purchases and joint ventures ect. since the extension.

Those organisations looking to hold out making an offer when in admin. have now joined in on the bargaining process.

I guess the thinking of these companies is that if the banks were going to put them into admin they would have done it by now.

PH expected to be cash flow positive in June Quarter.

Hoping all will be resolved before the 27th Feb.

All in all a fair bit of interest for assets. While he was unable to answer whether PH will or won't be sold he mentioned, while banks want to make sure they could recover their money if worse comes to worse, it is Oz's intention to hold onto certain assets i.e. PH.