when is the firb expected? , page-8

What ..... before PBR change their minds Matt?;-)

PBR are tied into a binding agreement subject to the last hurdle and patience is still the order of the day.

FIRB approval is the key for this game of chess to move on. It should be a given. I can't see any reason for approval not to be given but then anything can happen.

Who knows when this will happen? At least we haven't got any public holidays or fiestas in between. Perhaps we need another poll. The rate it's going we are running out of tipsters.

Once this is sorted it will be a whole new ball game. Whether or not it is factored into the SP, MEO will have $80m in the bank with evidence of plenty of desserts on the trolley to choose from.

The present environment is difficult for those companies in debt. Companies that have a positive bank balance, even if they have no income, should not be affected in the LT. Maybe the SP will be pressured but positive accounts with good prospects and a sound foundation will help them bounce back.

May/June is also a time when SHs traditionally crystallize some losses to balance their books offset their CGT.

There are quite a few factors out there to test us ATM but it is just a question of hanging tough for us long termers. For DTs and STS the present bear market is heaven.

For MEOmites it always seems as if we are in the 'WFTA' mode. But once FIRB is given there will be another spike and another gap, which is the norm, so be prepared.

Just IMO.

#:>))