central banks - jvp?

With the Central Banks easing monetary policy and line supply to EU Banks, this may put the potential JVP at more ease. With the amount of purchase volume now coming in it would seem there is some confidence somewhere.

With GNS present asset devolution it would appear by end of Jan 12 that the will owe around $200m and be seeking extension to credit facility to further asset sales.

IMO they have until end March to sign JV otherwise works will no longer progress at Mill site. LE'strange's new contract expires end of FY12. My guess is that by the April onwards he will be either overseeing GNS liquidation or Mill construction or even a fire sale takeover bid.

As always DYOR and good luck.