Ann: Completion of Senior Loan Refinancing and Eq, page-27

re: Ann: Completion of Senior Loan Refinancin... I thought it was worth pulling this thread up again, as key theme now appearing in today's presentation is whether or not they will default on JPTA an JPTD.

They are even more openly flagging default now, although could be all part of negotiations with lenders for some form of debt:equity swap as ThinkinLoudly suggested.

Default looks like it would potentially drop 20cps off the operating profit, but is positive for NTA.