where to go?, page-6

The interesting aspect here is that all parties (secured lenders in particular) will not want this to go into any form of administration as that will:

1. Delay them getting their money outl and
2. Place significant offtake contracts at risk of being rescinded and so strip huge value out of the assets.

Hence, there is an imperative on all parties to reach a deal - and that deal must also include something for shareholders. The reason here is that if they cut shareholders out, then there is no incentive for us to provide a positive vote to whatever is put forward - after all if there is nothing in it for shareholders, why would we willingly vote to line another party's pockets at our expense?

As GPG is the largest shareholder, they will be cognisant that they must be satisfied with the outcome, on the basis of whatever is fine for GPG is probably going to win over the majority of other shareholders.

It is going to be a very interesting one to watch in the next few days....!!