gr on debt swap on webcast

Q. What hope that banks will participate in debt for equity swap?
GR. The word ‘hope’ is certainly reasonable word that everybody has. but ‘Practical is more reasonable word I use here. From practical standpoint we have had four extensions with the bank and we know each other, we are transparent with each other. Whether or not the banks will extend beyond Dec15, I don’t know but I do know we as managers of these assets both is US and Australia, we know how to manage them, lease them and develop them well. We have good platforms. These assets are the collateral for the banks. In my view we are the best management team to maximise the value of these assets which will ultimately pay back the banks and that is the position we have taken with the banks and continuing if that is the position will prevail, we will find out in over the next few months.