Well... it's under $1.65, any thoughts on the T/A going forward?
Hey @Lollies - sorry, I am not overly on top of RRL (luckily I guess). What is the size of the bullet payment? If the debt needs to be renegotiated again, then... it will mean higher rates and likely more hedging.
A few posters mention a T/O, but... why would it be a takeover, with its main producing asset being run down as we speak, it's major development project not even close to FID (and likely needing huge changes to location etc due to gov/local feedback) plus, poor hedging and debt. RRL paid $903m for Tropicana, scary if the market cap gets close to that.
I continue to be mystified why RRL management does not just provide a clear concise 5 year plan (warts and all).
RRL Price at posting:
$1.63 Sentiment: Sell Disclosure: Held
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