G'day Tui ,, it's my belief that ,with the recent cancelation of performance securities along with Simmons cancellation of performance rights and the talk in the latest announcements of funds being raised to pay out early redemption of con notes,that the company may in fact be trying to clear the decks for a financial restructure ,which may involve some kind of debt facility,in the future ,after all this is Garners forte,fund raising ,,who knows ,it may be the better option with cheap intetest rates on offer ,maybe an interested money lender may want a cut of the action in some form or another ,,as you say at some stage oil will pop ,and the companies still standing with good leases will benefit greatly,,,purely all speculation on my behalf.Continuing to raise money through the conversion of con notes at the current price ,would add more dilution for little capital gain,hence my thoughts on restructuring the company.
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G'day Tui ,, it's my belief that ,with the recent cancelation of...
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