come on..., page-122

I do not like to be a wet blanket but ........

the following questions have not been answered

If the company is profitable - why the extended delay? Why do the financiers need more time? What new information will they get by waiting and negotiating? What do they know that shareholders do not?

While Grahod is correct about the time it takes to sometimes do deals, the time seems longer than normal.

Yes, the company may be currently profitable, but depending on the length of the loans and the Iron Ore price that the financiers are willing to accept in their cash flow models may show the company will not be able to pay back it's debts.

It is good to be positive, but their needs to be some basis for that sentiment, not wishful thinking.

HT1

Grahod - did you work at P Hill during the turmoil at OZL?