CCU 0.00% 5.8¢ cobar consolidated resources limited

Ann: Trading Halt , page-7

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  1. nk
    3,116 Posts.
    lightbulb Created with Sketch. 142
    The hedge book is $10million in the money

    They owe the bank $17milion

    They close out the hedge, raise extra cash to pay out the difference say $10 to $15million by underwiritten rights

    Voila debt free

    Relax everyone

    Though I could be wrong, but I feel relaxed


 
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