Courtney Pratt
Courtney Pratt
common company deal good hope people realize starting
People are starting to realize that a consensual deal is good for the company. There is a deal to be done, we just have to hope that everyone can come to a common view.
began continued demand last north pricing quarter reflect results third year
Our results reflect the softening in North American demand and pricing that began in the third quarter of last year and that has continued well into 2005.
creditors deal focus retaining search support turns
Our focus now turns to working with creditors in search of a deal they can support while retaining the support of the other stakeholders who are onside.
became clear labour wage
It became pretty clear we weren't going to get any kind of wage concessions from our labour union,
certainty pension
That's very significant to us to have certainty around the pension funding.
achieve outcome parties
We'll do everything we can to achieve an outcome that all parties can support.
amended approval believe chance discussed fighting modified plan understanding winning
We believe this plan does have a fighting chance of winning approval on the understanding that it's going to be discussed and probably modified or amended in some way,
people supporting vote
The people who vote on this are the bondholders and they are not supporting this at this stage.
create enhance experience forward highly industry leader regarded skills success value
He is a highly regarded industry leader with the skills and experience to enhance our success going forward and create opportunities and value for all of our stakeholders.
confidence plan sheets signed term
If we can get signed term sheets on these two outstanding issues, that should give everyone confidence that this plan can be implemented.
enormous pension problem solution
I feel more optimistic, ... because we have a solution to the problem of the pension fund, which was an enormous problem.
intended people
If other people see it differently, they'll see it the way they want to see it, but that's not what it's intended to do.
board critical dealt forecast perspective reason
the reason this is pretty critical, that there be no questioning from the court's perspective about the way the board has dealt with this, is that the forecast is critical to the plan.
announce deal hopefully
We will be back at six, hopefully to announce a deal is done.