Ann: Senior Secured Bond Issue Investor Calls Commencing, page-82

This has re-rated from the 8's and 9's on the basis of finance where the market knew.

Significant re-rates to come;
1) Finance
2) Perception of Nifty
3) Leaching

Finance isn't over the line so there's a significant re-rate to come when that happens.

Now, as Baz has mentioned many times "Nifty has a bad rap" and "we don't do leaching well in this country" ... there's two significant re-rates right there! ... as to when they happen, well it might be after first quarter's production figures, after issuing profit, earlier?, who knows? I don't expect the market to suddenly wipe the negativity it's held against Nifty and leaching just because we get finance.

2) and 3) are there for the taking, they're entirely under Baz's control.

This is building ...