next target will be $0.23+, page-6

THANKS DALEG,
due to the structure of the loan they have to pay it back first, but after that who knows...... they can refinance and remain geared and pay dist. but in order to realize the loans and pay them back would take a long time as some loans can be rolled over at the discretiion of the holder, Not MXQ.
the original plan was to be geared and make a profit on the loan spread, and they might be able to do that again if the credit swaps come back into the normal range, pre GFC.
hence we holders need to have a time scale on when we would either have capital return OR resumption of dist.
as the repayment of the loan could happen soon, the market is narrowing the NTA discount but personally l am happy to go either way - repayment or regular dist.

the fact is that MXQ is capital stable and has income and gearing is nearly at an acceptable level. i like it.