The new debt-structuring agreements come into effect today.
I believe everything will be positive on the basis that all their operations are going smoothly- only the debt and hedging details need to be sorted.
What worries me, however, is the large volume of shares on issue, and if a further "debt for equity" share issue is on the agenda what will be the dilution?
Will we have a pre-issue restructure in that case?
GZ
WMT
western metals limited