cer will trade below 4 cents, page-7

Buffett,

One does not always get what one wants! You are dreaming if you think the banks are going to do a 'CNP' to CER. For a start other banks are now on CNP's side now and wot want thir 90% affected.

More importantly CER will easily meet sheduled refinancings this year and will more easily do so in the nex year. The reason is simple - debt is being paid off, income is holding while expenses fal markedly, and the ratios in question are improving every day. By 2011 any doubts about lending ratios will be history.

Nice to see that you have learned that CER is not CNP now though!

Blastoff