What now?, page-4

CV, here's how i see it in a nutshell;

Positives:
- wiped $1B of debt off the books via WICET / Rail / creditors
- going back in at the bottom of the market cycle so everything is cheap including wages / mining equipment
- recapitalised via cash injection so have time on their side
- maths say there is value in the stock down the road if you agree there is future for PCI Coal

Negative;
- trust gone with supplies & contractors
- market timing

Blue Sky;
- market price rise for PCI coal
- big buyer swoops in and sale agreement to on-sell as prices recover