Interesting that John Borshoff flattly denies the Convertible Bond banter in the article on page 18 of todays AFR.
BUT . . . . . . there is more
In the second last paragraph it says
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Courtesy of the Australian Financial Review
Paladin said it had received the final non-binding offers in a strategic review being led by JPMorgan, but chief executive John Borshoff said that rather than sticking to the original plan of submitting offers for a minority stack in undeveloped Australian projects, the bidders had "let their imaginations go" and made various proposals.
Borshoff said that the miner hoped to wrap up a deal by the end of this quarter, which would help ease concerns Paladin will have trouble repaying $US 316 million of convertible notes due next March, without an equity raising.
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John Borshoff didn't deny this information in the article.
IMO Areva want all of Summit Resources
SwissB
Ann: Article in Australian Financial Review , page-3
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