blastoff,
no-one disagreed with you until you asserted that the banks had to act conscionably (as you define it) and for all intents and purposes had to refinance.
And for the record CER does not have a "long history" as such. It was only created and spun off/listed just a few years ago.
Most posters here are shareholders so are not colluding or against you per se. We have common interests as shareholders.
But the bottom line is that loans mature or expire and they need to be repaid, refinanced or renegotiated full stop. At this point this is the Centro Saga and yes it would be any company's saga if the banks chose to play hardball (like RIO or BHP).
That's why companies have multiple lenders and a debt maturity "profile" with different dates for different debts to mature. It's prudent risk management at both ends.
Cheers.
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