New Year, page-3

And you feel for the position Alan and co is in.

He should have stated an ongoing review over the coming months to identify opportunities yadda yadda. But holders would not have accepted that.

That would not have placed any expectation on timing and would have made his life easier at the negotiation table. He knew holders are jack and he had to put a rough timeline on it but in doing so makes it rather easy for a suitor to wait you out and pressure you to accept their terms.

After all they know you have made an informal commitment to announce by year end and the balance swings in their favour that our needs gets incrementally higher as 31-Dec approaches...not to mention the longer the cash burn/needs takes to remedy the weaker we are

I am pleased enough there has been no ATM tap. Perhaps some of that expected cash has finally landed