Mr. Jeremy Masding:

I have experience, at senior principal level, of capital raising. It is important that it is the company and its board that leads the thinking and shaping of the deal and that the Minister be objective in his decision making. I asked the Department of Finance two questions. First, I asked whether I had permission to talk to the capital markets; and second, I asked whether I had permission to appoint an investment bank to support us. Once I go through the process, I will go through the board and we will present the best deal we think we can get to the Minister for Finance. It is important that I keep the Minister, Deputy Noonan, at arm's length, because I do not want to compromise him. I will bring a deal to him and he will be wholly objective.