Hi 1851, in my opinion yes. And the best leverage is still with...

Hi 1851, in my opinion yes. And the best leverage is still with the NZ options. But bear in mind probably more bad news coming from Hector when they reach total depth and plug and abandon later this week.

And it would be nice to have an update on Tui just to reassure the market given some of the rumours that are said to be around in NZ. But longer term ie over the next six months NZO/PPP/AWE should have a river of money coming in from Tui.

For NZO they have every incentive to get those options into the money and get the exercise underwritten. They are worth some $180 million in fresh capital if all 138 million I think it is, are exercised.