The annmct tells us quite a lot if you are prepared to do some reading between the lines.
They obviously have a buyer lined up for the portfolio and it is likely they have sought at least some tacit indication from the PT noteholders that they would be happy to seriously discuss getting their money back early.
Why would you announce such things if you didn't have a reasonable idea that what they are saying is achievable.
Also they state clearly if this can be achieved they will be going for an early wind up and return of funds to unitholders and that would be very nice indeed.
There is a great deal of demand for yield assets at present in the lower interest rate environment and it will be interesting to see if their NAV has held its own since last month given the volatile market conditions at present.
A positive outcome in the Greek election and I think this is going to happen. Roll on Sunday.
MXQ Price at posting:
25.0¢ Sentiment: None Disclosure: Held