Bankruptcy Q Players

[finbar99]

Have you gone through the ccaa monitor reports for GBG yet? The affidavits are pretty useful, as are the monitor reports. Another quote from the first day affidavit of Von Luuren (sp?) 'the board concluded the value of the Burnstone Mine should be well in excess of the obligations owed to the lenders relative to the Burnstone in any reasonable realization process of customary length' - at that point they had a data point from the unsolicited merger offer in May, no doubt some more data points from the strategic review process and I'd say that in general the market is slightly better now than it was in mid'12....without looking I think May was the low for the last few years.