United Steelworkers Local 2251, representing Essar Algoma's hourly employees, will also be in court today, seeking clarification on whether it's allowed to talk to Ontario Steel Investments Ltd. about the Essar Global affiliate's interest in acquiring Essar Algoma. Denega points out that he's been hearing about Ontario Steel's interest, but points out that no bid has been received, essentially implying that the firm is all hat, no cowboy. "The monitor does not believe there is a need to re-open the SISP at this stage, as any party seriously intending to acquire or restructure Algoma has the continuing opportunity to reach out to the term lenders and the consenting secured noteholders to propose and negotiate a transaction that the term lenders and the consenting secured noteholders are willing to accept and support," he says.