i just heard a commentator mention the debt refinancing (which has been agreed to , just 1 bank opposes) is in the same boat as Centro and Babcock & Brown.
That is utter stupidity!!!!
What ozl is doing is like consolidating a visa card loan at higher interest into a home loan at lower interest.
Have they stated they want to borrow more??? I could be wrong I havent heard that yet.
So its same debt, maybe different providers and at a better rate??
What is the issue???
There is even talk of insolvency by some.... wher does that come from???
No wonder the company instituted a trading halt, with all these ill informed guesses at what might happen, shorters would have a field day.
No say Monday they announce finance all sorted, a better deal than what they were currently paying, and Century isnt losing money, what will that do to the price? An with PH so soon to start producing it will head north.
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