delag,sometimes patients pays off.The way i read this...

delag,

sometimes patients pays off.

The way i read this announcement.

1. It appears that AEJ has been able to get some cash from the Energy Security fund. This will help reduce debt and possibly prove the catalyst for the Lenders to extend the loan rather than forcing a sale. this then pushes the price up for AEJ.

2. the debt will come down even further reducing interest payments moving forward. it may result in a re rating of the debt and a reduction of the interest rate charged.

the way I see it the board has been working very hard and it will pay off. The fcat that they haven't shared it with shareholders is most likely driven by the commercial sensitivity of the negotiations.

On the other hand I coudl be reading way to much into this and the Lenders may have made a call on the debt! I doubt that though the messages leading up to this point have been positive.

Well done to the directors!!!