I think there are plenty of outs for them, but my worry is they'll have to let go of some prime assets to pay back this debt, the easiest/quickest assets to get rid of will obviously be their better assets and if they go in administration then they loose prime real estate.
The debt is not large so liquidation is unlikely, but what NWE have left after this is a concern. Also the current price of NWE's assets is a bit of a worry, were worth $13m last year but with current oil prices they might get very little for current assets.
The $2.4m due this month is not the end of it though, i think their debt is around $4.9m overall (correct me if i'm wrong) so they need to come up with more capital after this to pay back further debts plus they need working capital.
But maybe they have something totally different in mind, certainly would be nice to know.
NWE Price at posting:
1.1¢ Sentiment: None Disclosure: Not Held
