MBN mirabela nickel limited

standstill arrangements, page-8

  1. 27,629 Posts.
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    "Also I think that there must be some interest from some players wanting to entertain refinancing otherwise the request for standstill would have fallen over at the first hurdle (Noteholders)."

    Spot on Hotazel ! and Noteholders, Bradesco and Caterpillar would be aware of this all happening in the background regarding a refinance/restructure or else they wouldn't have granted such a waiver/standstill.

    This brings back memories of Centro (CNP/CER) some time back with extensions on debt facility deadlines renewed on a monthly basis, whilst discussions were progressing in the background, mind you that was for about $5 Billion in debt, however the stock was allowed to keep trading throughout.

    There is no reason why MBN shouldn't be trading tomorrow upon this latest update.
 
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