CAI - General Chat, page-748

What you highlighted in yellow, in my mind, can be the only reason to explain the share price going up yesterday. For me, the announcement was a sell when compared to the previous presentation in February. Whatever the case, there's still a long way to go before they can run a sustainable operation (based on debt due and hedging). It looks like MacQuarie let them off the hook again with a $5m payment for the quarter (unless there will be another payment this month). The debt doesn't go away. Future payments will need to be higher if positive debt restructure doesn't happen.