timber1956This is an very interesting outcome. I sum it up as;1....

timber1956

This is an very interesting outcome. I sum it up as;

1. The banks want too see if the Carbon Tax issue with the State Government is resolved.
2. The banks are prepared to wait as they obviously see some light at the end of the Tunnell
3. This would tell me that there is no desperation on the banks sides
4. There could be a possible suiter after AEJ and they have extended the bank support to resolve the dispute and move to a sale?

Notwithstanding, I believe the dispute will be resolved in favour of AEJ and the bank support agreement will be signed. this then removes uncertainty and gives the board time to either sell the business at a more reasonable rate and/or start paying down debt and increasing shareholders value.

My view is that the major shareholders are not in it for the long term but they also see a big prize that they want to get!