Look I think we are all looking for and hoping for a white...

Look I think we are all looking for and hoping for a white knight or messiah and at the moment its TEO!!! If the iron ore price was trending up maybe might happen but its not. What would I do ? Well one can either wait until it fails and then attempt to pick it up on the cheap but do secured creditors have first right over the assets (SHIP) - could be a risk if you really need it but then they might sell it to you at a bargain basement price. Or do you try and negotiate a significant stake at a pittance (ala TEO) and take control that way? Well maybe the latter but economic conditions are not ideal for this, they still need a return on their money and wouldn't get it I the short term. I think we will get the same old same old for many more years or until they find a new Gurney!!
Just my opinion.