I don't think so!
US$150M isn't due until 2020 (a problem for another day)
EDF is owed US$260m
So I reckon it's actually US 212 + 260 which would need to be repaid in the near term - with POSSIBLY another 115m on top (CNNC would likely be deducted from the sale? but why is Nedbank suddenly calling in the loan?) - that totals US$587m which is in the realm of fair value for 75% of LHM
Ann: CNNC Purports to Exercise Langer Heinrich Call Option, page-28
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$13.24 |
Change
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Mkt cap ! $3.951B | |||
| Open | High | Low | Value | Volume |
| $13.66 | $13.70 | $13.24 | $115.9M | 8.727M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 60263 | $13.23 |
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| Price($) | Vol. | No. |
|---|---|---|
| $13.29 | 42663 | 1 |
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