beppa, page-56

Ozzie,

good call. It is all about asset sales at book and above. If these do not occur, it won't matter about Sparcs in November, Bonds in 2010 or even Beppa (because the banks will stuff us before then). That is unless credit markets have a major short-term turn around, which is highly unlikely.

A small dilution now is nothing in the scheme of things if asset sales do not happen IMO. There will be capital mangement options available with asset sales at book and above to rectify any minor dilution should it happen (which I too think is unlikely)

Cheers