centro told to sell assets, page-21

Baron1, yes i agree with what you are saying.
The same journos are crying wolf too often.
imo the sp will have a sustained upward move once we get some positive news backed by facts and confirmed by Centro themselves.
Too much second guessing from the same journos peddling the same agendas is losing its punch.

The fact is the banks could have said, 'right that's it' to Rufrano last weekend but they didn't.
imho, i think the Oz banks were overly optimistic in expecting a 30April deadline to work. The US banks and bondholders were more realistic with the September deadline.
The September deadline would give Centro far more leverage and also give the bidders more time to conduct due diligence.

The Oz banks really need to reconsider their deadline and move it in line with the others.
If they did this then we would be almost guaranteed the best possible outcome.
September would still be good for the Oz banks when you consider the winddown of Centro and all the mess that would entail could drag on for many years.