Agree with you senoj.I wonder if they will use the setback and...

Agree with you senoj.

I wonder if they will use the setback and extensions to negotiate higher repayments.

I have had this nagging suspicion all along that the deal with MM won't go through and that the Board are actually playing for time so they can trade their way out when prices recover. I have nothing to base this upon except what I thought was a riduculous break fee of $25million when the deal was announced. This is a small percentage of the total and would amount to about a month of interest on the loan.

The flaw in my conspiracy theory is taht I would have thought an asset sale or two by now should have gone through to rid themselves of the toxic banks

Disappointed with the FIRB result but not the end yet.