Why would you believe that aricle when you could believe articles like this that are referenced on Antares website.
"StockAnalysis calculates base value of 45 cps, assuming that the Permian assets can be transacted for US$163 million"
and
"StockAnalysis is now confident that Antares Energy (AZZ: ASX) will survive for long enough to negotiate a sale agreement or farm -out for its Northern Star and Big Star project areas in the Permian Basin. StockAnalysis is now more confident that a deal will be done by Thursday 31 st of March. Shareholders will take a haircut, but will at least live to fight another day, while note holders will have negotiated a significant premium for management success."
Ohhhhh thats right, of course, because we all actually know that AZZ didn't actually negotiate any deal with Noteholders on Thursday 31st March.
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- Ann: Chairman's Letter to Noteholders
Ann: Chairman's Letter to Noteholders, page-172
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