news out, page-11

on bank approval - how likely is it

ALAN KOHLER: And you still need the banks to extend don't you

ANDREW MICHELMORE: Absolutely in all cases.

ALAN KOHLER: Are you confident that they will?

ANDREW MICHELMORE: Logic says this is a fantastic outcome for them it solves their problem, yes they should extend.

ALAN KOHLER: But have they shown so far that they will?

ANDREW MICHELMORE: Look I think some of them, particularly the offshore banks, are required to get those funds home as soon as possible, they have been told, pull it back, don't care what it means, pull it back and I think that's where the difficulty will come. It won't be easy but again logic says this guarantees you an outcome, you get all your cash back and with a company that has got the funds to do it, it's not subject to financing and so yes logic says you should do it.

http://www.abc.net.au/insidebusiness/content/2007/s2498034.htm