GUF 0.00% 1.3¢ guildford coal limited

Ann: BUN Mine Mongolia Production Update October 2015, page-4

  1. 10 Posts.
    "The Company is continuing to explore a variety of medium to long term funding arrangements to meet payment obligations on 31 October 2015 and its debt obligations on 8 December 2015. RHB Securities Singapore Pte Limited has been appointed as an advisor on this debt restructuring. The Company will make the necessary announcements when there are further developments and sufficiently definite arrangements in place to enable disclosure."

    2 weeks out from a major repayment obligation and no updates on financing.... Is now the time to get out?
 
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