Isn’t the $32m debt from Citibank secured against our share of the renison assets?
does anyone know, if they don’t raise and they can’t sell Nifty and with lower production at renison and the share price is where it is, whether we have breached any of the debt covenants for potential call on the funds?
we must be getting pretty close to something especially now they are talking about selling Central Musgrave.
smelling like a fire sale
Ann: Shareholder Update, page-50
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