Ann: Update on Voluntary Suspension , page-22

Acaca, I just hope you aren't too short mate.

Latest announcement makes it clear they no longer see a need for a capital raising or rights issue. It has dropped off the agenda.

Talks seem to have moved to strategic investors and potential suitors. "Potential investors" is another word for "not existing investors". Banks obviously are at the table too with a vested interest and change of control clauses (which we all know about from Cathay).

My take is that we will come out of suspension when they have nutted out a way forward. Stock will have to trade higher in anticipation of Cathay coming back in June and then it is game on.