to the lifeboats, page-5

Bacci

Whilst I support much of your view I don't think they are in any way nearing a Cap raising.

They can maintain this and if they get to grips with overburden they can in the short term, turn the cash flow around.

I however dont think this was a single seller but a number that had had enough. too many broken promises.

Its just too difficult to get the valuation over the line so I think that the old dog lives to fight another day. Or in reality it moves forward until the next crisis.

Its your long term evaluation that carries the weight with me - You can even have a few good years but that doesn't help in the circumstances if you cannot replace the plant.

only hold an uneconomical holding to stay on the register.