The only heated discussion these bankers will engage in is to...

The only heated discussion these bankers will engage in is to work out which of the excellent pubs and restaurants in Melbourne to have drinks and dinner in. If it's JP Morgan's shout, they'll be at Flower Drum. If Glenn is paying, I hope they have a pie and a pint at the Sherlock Holmes.

The presence of all lenders is no surprise. After all, the company has highlighted the fact that the inter-lender agreement is due to be resolved today. I actually hope their presence will speed up the process and remove any time zone issues.

The really tough part, deciding whether to extend the billions of debt or not, has already been decided. I imagine this would have been the heated phase.

I also get suspicious when the paper quotes unnamed sources. Most of the top analysts fall over themselves to get their name and company details in the papers. This analyst was either a nobody or just plain embarrassed to be associated with the article.