should not be trading, page-9

Plan B should be: sell Sepon, Martabe, GG and reduce borrowings to $450 mill, secured by cash flows from PH and Century. With metals almost certainly passed the bottom, the economics of that restructure would work well. One Australian bank could do it, very manageable.

Doubt if they are doing anything like this though. (Did you see the negative comments about M/more in the Australian article today?)