A positive process - hopefully, page-5

I think all those offers will be off the table by now - I cannot see any bank taking on more resources debt - their risk committees ( lol - we need ours) will not agree to it. It will have been a factor of time and oil and price that killed those options in my opinion.Unless the oil price stabilizes at $40 a barrel or higher I think now new investment will be available - no matter how good the deal. I know we are a producer so yes they could probably get a deal off the ground around 10% (which would come from outside the banking sector) but if they did that I would be screaming blue murder - really the best bet would be to try to get ERM to hold the debt and charge us around 7% or for them to be granted a convertible loan ...