Tentative signs of rocket firing, page-438

We have until May 2018 to renegotiate a deal with banks.


The negotiation process was started early to lead to a smooth process and an appropriate outcome for stakeholders.

What we need in my opinion is normal profits of around $135mill and there is no need for any capital raising. We can do it all ourselves pending a fairly quick turnaround.

We still have the unknowns such as NIHL to a value of perhaps $100mill to $200mill and then the escrow perhaps worth $80mill.

SGH and banks will decide in due course what will work best

The first hint of direction will be the 2017 h1 results to be released in a few days.

Patience is the key.