what am i not seeing here?, page-2

The only thing I can think of is the hedge liability. If the counter-party calls it in, in August, BJT will have to find approx AU$67m.

Having said that, CKT did manage to get their's rolled over to Oct 2010, by agreeing to pay half of their distributable earnings to the counter-party. This has reduced their dividend to a really low level of 24%. In the meantime, they're looking at possible asset sales (CKT that is).