Ann: Becoming a substantial holder , page-20

  1. 328 Posts.
    Gunna, is this a wind up? If it is, I'm wasting my time.

    You don't have to sell over $1B of assets to payback $55M (its about 5%) by the end of June (still don't know why you say it's "21 days").

    Why do you think GNS cannot refinance the $10m and the $55M by the end of June?

    And after affirming a $40M EBIT guidance!

    Going back to my personal finances analogy: if I owe $370,000 and have assets of $1.5M and had to pay a bank about 5% of the asset value back by the end of June ($75,000), I wouldn't have any problems doing that.

    I could either sell just $75K of my assets (there goes the Merc :-)) or re-finance.

    I'm not broke. Gunns isn't broke.

    However, if, on 1 July, GNS is broke and in administration, I'll publicly acknowledge that you were right and I was wrong. Will you reciprocate with the converse?
 
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