Ann: Trading Halt, page-124

I think 10% would be a reasonable figure given the level of risk still to be assumed ( granted still speculative)- we're not out of the woods yet with prices in decline , but feel prices will start to recover and if the financier can make hay and we can make hay it's the best outcome.

If AJM are too aggressive with restructure of financing cost they may put off Finance house and we don't want that as we have to finance stage 2. 10% is the mid point at which everyone wins (granted 10% is still a high financing cost). AJM being at the coal-face :) of the new green energy cycle would also do wonders for finance house credentials at a time when Australia is burning. I Think AJM is under selling itself in this regard, and we should be shouting this from the roof tops- Coal miner moved to New energy industry at this time would be great PR and an excellent example to the government in how to shift jobs from coal to new energy.