Ann: Market Update - Sep11 Loan Amortisation Targ, page-6

re: Ann: Market Update - Sep11 Loan Amortisat... Sellers are panicking, after an article was just written in the AFR, saying Redcape faces the risk of receivership, when the Senior lenders said they would reserve their rights. The article is here:

http://tools.afr.com/viewer.aspx?ATL://23fb3070-ed52-11e0-aa52-ba0ac54835fc§ion=tools

I think NLG asking for urgent clarification of their debt status this morning, also has led to some panic.

There is a paragraph in the article, though, that says that people familiar with the negotiations, say it is likely RPF will have 4-6 weeks to assess all options.

Looks like we're going tyo have some price pressure down today- next person is only asking 5.4c.