Potentially yes. But loan does not mature until 2014 and GJT has...

Potentially yes. But loan does not mature until 2014 and GJT has been complying with repayments.

UBS requested documentation on other loans ( from other lenders) ; GJT needs to seek others consent;


Refusal to provide other party loan is not concidered not performance on UBS loan;


Worst case : they have to go to lawyers and court ( can take year and more);


Focus is now to roll over Loan which falls due next 18 months.

Business as usual : focus on refinancing and sale of asset;

SP all time low; ( min of GFC level)