suspension, page-35

Write up in the Street Talk section of the AFR today. Sorry no link to post, but the key points are:

Lenders applying onerous refinancing conditions,
Issue size increased from $110m at 40c to $130m at 30c.

I think either of those issues size and prices would be much more dilutionary than most holders have expected and would indicate much bigger problems than have been indicated to the market...except for the unusual 'up to 4 weeks' suspension.

Given net debt at 6/10 was only $189M, I would certainly hope that a raising of the size mentioned above would not be required.