Slater & Gordon looks to be winning over its bankers, page-25

ktb, my friend, I would say don't get carried away and my sentiment is a 'sell' on a bounce from this positive story of survival.

This part is ominous:

"The firm's total equity is now worth $90 million. But it is likely that will be burned up as part of the restructure."

Chanticleer is saying likely that current shareholder equity likely going to zero as part of a deal. Not "definitely", not "very likely". Just "likely".

Chanticleer also says Westpac has impaired. If Westpac is not getting 100c in $ then current equity is going to be wiped out.

SGH is still in the woods...