Basically puts the case that management have already put to us...

Basically puts the case that management have already put to us the last couple of weeks: new slightly higher capex for a much better return; general theme of reducing costs. Optimistic statement at end that a deal should be easily reached 'in this low interest rate environment' of 40-60 debt for equity deal...I forget which way the 40-60 was, but presumably we end up still having 60%. Read it in the coffee shop! (where I get all my financial advice; reading the tea leaves). Broker suggested a fair price of 7c a share, but not sure if that was once a deal was struck or now.