update, page-12

Friends

please note:


18m EUROS will be paid off the loan book in Jan 2009
and here is the big one...

52.2m Pounds (ie 71m EUROS) will be paid off in Jan 2010
now that is only 9 months after the 31Mar2009

If they manage to stick to the credit suisse pay schedule

then 9 months later there will be some 71m euros comming in

I would think that there would be no problem negotiating new terms with the NAB, given this windfall


(if the borrowing extensions are not exercised (unlikely) then there will another 75m euros paid off by Jan2010)


anyway

make your own decision, but at 9.5c per share
the risk benefit balance is favourable


ij