Ann: Update on Senior Financing Facility, page-27

With TGS there is this repeated history of a sting in the tail.

To get any comfort out of this situation, you need Copper to be $3.00/lb+. Thus far that is a serious long stretch in anyone's imagination.

Also to have any skerrick of hope, these guys should have dropped the quarterly, at least as a sign that its business as usual, whilst they negotiate their way out of this hole. Maybe they are not as confident on that front?

Honesty to its shareholders is the number one principle that should be abided to when its not their money they are playing with.