Bondholders are fairly well protected. With additional...

Bondholders are fairly well protected.
With additional cash/loan, will likely come hedging.
With current prices, not the end of the world.

I can't see this being a straight deal based on the headlines for US$250M.
To put this into perspective, GDO not long ago was around $250M mkt cap.
Without going through all the qtrly's etc there is no way of knowing the impact of U credits on production.
Rand was not hitting the 70-90 figures they set out for 3 years ago for U. Rand were struggling, no doubt about it.
Who knows how this will pan out, but some money came back to the options late in the day. (small positive)
Mav