oversold oversold oversold, page-22

No, the facility needs to be reduced from US$128.5m to US$50m. Thats is a reduction of US$78.5m.

This doesnt even need to be reduced by asset sales.

The CSF Portfolio generated profit of A$51.7m for the HY ended 30 June 2008. This was converted at exchange rate of 0.96.

In USD this equates to $49.6m (51.7m x 0.96)

Have a read of the thread "distributable profit forecast is 7.2c" Its all in there

CER can pay down the facility from retaining earnings from within the CSF portfolio.

This can be done in about approximately 9 months without asset sales.

Cheers