Courtney Pratt
Courtney Pratt
capital challenge continuing enable face forward importance move quarter results strategic third vital
The third quarter results demonstrate the continuing competitive challenge we face and the vital importance of securing a consensual restructuring which will enable us to move forward with our strategic capital program,
company critical march recognizes
Everyone recognizes that it is critical for the company to get this done by March 31.
everybody frustrated judge position
I'm frustrated, the judge is frustrated, everybody is frustrated at the position that we're in now.
announce deal hopefully
We will be back at six, hopefully to announce a deal is done.
news positive process
This is positive news for the company, for our stakeholders and for the process itself,
agreement attention believe best continue extension focus outcome reach trying
This extension will focus everyone's attention on trying to reach an agreement. We continue to believe that such an outcome is the best for everyone concerned.
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.
deal optimistic past
more optimistic than I have been in the past that a deal is there to be done.
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.
agreement forward positive quest represents step together
This plan, together with the restructuring agreement with the province, represents a significant step forward in our quest for a consensual restructuring and a positive outcome.
board financial forecasts issue job oversight proper relates reviewing specific whether
it relates to the issue of board oversight of financial forecasts and whether the board did its proper job in reviewing the forecasts and making the decision. And that's as specific as I can get.
closer court emerging goal lake moves platform producer protection provides steel strong viable
It provides a strong platform for restructuring the company. And it moves us closer to the goal of emerging successfully from court protection as a viable steel producer at Lake Erie and in Hamilton.
people supporting vote
The people who vote on this are the bondholders and they are not supporting this at this stage.
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,