eek appologies 3.5% sounds much better. Bit of a Catch22 RE...

eek appologies 3.5% sounds much better.

Bit of a Catch22 RE acquisitions isn't it Rocket. If we don't have $ and a big debt then how can we realistically target acquisitions. But on the other hand if IO prices stay up we will have $ and no debt so could certainly persue acqusitions but as you say with high IO prices they will want top dollar for them.

On the positive for us though is that capital is still not so easy to gain for projects - so whilst they might want top dollar we may find a developing project that really needs (our) cash and could still get a reasobable deal.