Melua, the price haircut speculation came intitially from one of...

Melua, the price haircut speculation came intitially from one of the bidders I believe. Its possible that was just a tactic to drive the price down. The Corus Teesside issue is not dead yet - there's some very hard bargaining going on behind the scenes and some sort of negotiated settlement that sees the plant continue to operate and sell to the offtake consortium is the most likely outcome in my opinion. This is a gigantic political headache for a UK Gov't that is on its knees and desperate for good news. I suspect the UK Gov't is considering some sort of temporary assistance to keep the plant running - wage subsidies perhaps. BBI won't agree to sell PD Ports till this issue is sorted IMO because the bidders will be pricing in the worst case scenario for Corus Teeside and the worst case outcome is unlikely.