Yes i agree would be nice to have it sorted. I think there is something their not telling us thou. not sure what only speculation possible sales in the pipeline etc that will pay out the debt and their just waiting to finalise then hence the constant extentions.
THe reason for the last extention was pretty week and craftly worded. Basically saying their waiting for this legislation that MIGHT have some more flexibility. When you got 100Mil you need to roll over you generally don't just sit on it for 2 months because of some new legislation that might help you. Also the extention was only for a few months and this legislation could have been used mid- next year when they renegiate again.
My gut feeling is they have asset sales that will pay this out. That their still thrashing out the details on. They can't announce to the market obviously cause nothing is finialised and there for can't use it as a reason for short term extention. Loan document excuse has already been used. All their debt updates have been short and all most of a causal nature so I think all is good with it.
MDT Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held
