60% annualised return with potential upside

SUPPOSEDLY THEIRS ONLY 2 MONTHS TO GO to find out.

looks like a GOOD TRADING PUNT for those game and a quick 10% for those buying for 2 months (60% annualised return)even if the NO vote doesn't work and up the anti

the question is are coastal buying for their mates,or just to make a few short-term million or both.

Either way they're soaking them up.

they (debt holders)are of course worried about 25% of the votes saying NO to splitting the stapled securities and cazumping their plans to purchase the tax and capital losses for next to nix.
It keeps the ALINTA business intact as well and adds say $800m or more to its value.

Otherwise the Lenders only other option is to sit it out as beggars waiting for alinta to pay them slow,or liquidate and loose a truck load of value(risk existing contracts being null and void and having to renegotiate those in a lesser market).

These blokes want their profit out as quick as they can and a big part of that is getting those capital losses and debt write-off off us and into the new alinta business.

It seems to me the shareholders might for once have their chance to rattle the cage and drop a few more sheckels from the miserserly deal on top (upside)