PEN 4.55% 11.5¢ peninsula energy limited

something’s up!, page-11

  1. abu
    6,498 Posts.
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    Zubana, ya the only one doing the second guessing here. PEN has made it quite clear financing will be a combination of debt & equity. They have shown their hand with equity requirements.

    Only the deluded would be hanging their hats on a special resolution, 75% majority, to get the extra 10%...no guarantees here.

    The 15% is a known…factored in.

    ... the essence of the rule is in the making of 'Availability'

    Cheers,
    Ab’s
 
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