faz17 May 2010 16:24
Hope the trip was good, you haven't missed much being away, markets have been pretty poor in general...
You seem to have done your homework as always and already have a very good view of the current situation. There is still a little uncertainty atm hence the reason i say don't throw your house at it lol. The CVA hasn't been agreed as yet but i can't see any major factor that would cause it not to go through. (The sp probably hasn't moved due to the fact that it hasn't been confirmed as yet) However the upside is substantially greater than any downside at these levels and if the CVA gets passed then that is a key life line for the co. and it can concentrate on being cash generative and turning a profit.
The spread is as wide as it is because in general it only has low volume pass through it and there aren't many shares in issue.
Possibly only punt money at the moment with the element of uncertainty but with the upside being substantial over time if everything goes to plan, well worth a few £'s.
All IMHO & DYOR.