Ann: Extension to Entitlement Issue , page-32

'they have fully underwritten the cr in the first place'

but they haven't - their underwriting obligations have come to an end because of the get out clause due to markets diving.

Intersuisse have simply granted a stay of execution until 2/9/11. MNM have to produce the goods by, at the latest, 20 August 2011 so enough cheques come in from holders to get the raising away, or it will collapse.

Spin it how ever you like, but without some solid news about progress at Mt M or BM the SP will stay below the crucial 9.75c level of the CR.

Come on IK, what is going on with your old mates at exergen?