not moving much either way of late, page-20

"this is it"

I wrote.........

'The assets are not the problem......the refiancne of short term debt is.'

Then u wrote......

This does not make sense. So why won't they relend? They would have absolutely no issue lending if what they lend is safely covered by the underlying assets. There' something missing in this picture based on your ascertion.



The only thing missing is your understanding.

Can you tell me which short term lender it is that has said they wont roll over the debt because the LVR is too high for them.......Id be mroe than happy to read that statement.

cheers