RE:Debt and hedgingMy first thought after reading 3Q could be summed up in one word: scary! This has become a very high risk, high reward investment play. Their debt since the end of September has likely increased even more, likely forcing management into making some kind of move before year end. Remember Delphi? Three possibilities here for a huge upside move and a happy ending for shareholders, in this particular order: 1) a favourable ruling (very soon!) from the tribunal; 2) successful refinancing with reduced hedging; 3) M & A/sale of assets and/or company.