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.
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