Looks like MDN will keep supporting ANQ . Quote taken from the Report."
Monadelphous has indicated its intention to continue to provide financial support to
AnaeCo during the remainder of the WMRC Project commissioning period"
Also will increase its stake in ANQ."
The loan may be repaid, at the lender’s election, by conversion of debt to equity (subject to
AnaeCo shareholder approval). It is the directors’ current expectation that a substantial portion
of the loan will be repaid by a debt to equity conversion."
So I think this gives me confidence to stay with them.
