BuffettWith portions of AUS/US business up for sale, which...

Buffett

With portions of AUS/US business up for sale, which should generate about 1.8 billion (on a 15%discount), this alone will not be enough to lower the companies LVR level to a much acceptable position.

Surely, an injection of say 1 Billion would be welcome without having to sacrifice more assets sales. I’m not sure it would dilute our holdings as you suggest, if anything it will rectify our current situation, and together with a more simplified business model strengthen the company for the future.

The bigger vultures are waiting for the assets to be sold at ‘fire sale’ prices. My belief is that we need to see an immediate injection and lower our LVR by about 2.5 to 3 billion.