Ann: TerraCom signs US$60 million prepayment term sheet, page-19

Is this the most suitable benchmark for Aus coal sales for Ter and Richard bay still for sa?

never thought unv holders would see this day. couldn't hold to see this... but happy for those that held on who got their money back.

one of the main reasons I haven't signed back on is the net liabilities hanging over the balance sheet and commodity prices being fickle we know how quick the sharp rise can reverse i.e. during unv days. That said it gave unv a good fillip then for Ter it may be the same - if they hold the price this next yr they'll immensely benefit from balance sheet reduction . Will keep an eye on should the balance sheet continue to shape up... until then I hope unv holders see that $1 spruiked on here by whoever it was back in the takeover days. W1london or that other chap who bowed out finally after selling this to the moon back in the t/O days haha