Sliding doors, page-20

You may be right ABLM, but the issue is - will it move the SP? There’s a growing line by the day waiting to offload SUD. There is a heavily dillutive capital raising coming. A large chunk of our cash will be paying BP out for sometime. We don’t have any income for a while. We’re averaging 1 and a bit deals a year, which is far too slow

The current SP isn’t weak because of BP, most astitue investors know how settlements work and the timelines involved. The SP is weak because unfortunately SUD is at least another 12-18 months away from being able to do something which the market has realised.

The next month is about ensuring survival, not the re-rating of SUD.