Hi niugai 10 years ago HC was a more sensible forum with many...

Hi niugai

10 years ago HC was a more sensible forum with many more thoughtful posts to consider. These days it is overpopulated with people who probably should not even be in the market at all.

The 3 issues of concern for CAI are grade, debt and hedges.
*As we can see today grade is being solved.
*Debt will require renegotiation by December. Macquarie has consistently shown flexibility and there is nothing to suggest that will change... especially when CAI is continuing to pay down debt.
*Hedges can be rolled forward in a worst case scenario. It is not desirable but always an option.