Hi guys,Don't quarrel here.Let's ask us some questions here.1....

Hi guys,

Don't quarrel here.

Let's ask us some questions here.

1. Why did the banks agree to restructure and extend the debt, and remove group level covenants?

2. Why didn't they force the Scarborough deal to happen?

3. why does Scarborough offer to defer the payment, and get the option to buy assets of up to AUD95.8mln?

I am still reading.

I take comfort from the cash flow/liquidity position/robust interest cover. (refer to cash flow statement).

Operating cash flow before interest of AUD167.7mln (i.e. AUD136.1+31.6mln), vs interest expense of AUD50.9mln per P & L statement. This represent strong cover of 3.3x.