Australia's largest stock trading and investment forum Australia's #1 stock forum

SEA

Click for more information

0.00%

16.5¢ sundance energy australia limited

Ahh of course... there's two tier debt I've been looking at it...

First 44 Last

Share
Profile

Follow
tt2000

4,675 Posts.

1231

13/01/21

08:59

Post #: 50128103
Share

Originally posted by cmonaussie ↑

No not really. IMO the fat lady has sung. EM=CIO (Career Is Over) ... stiffing the senior lenders will do that (2nd lien not paid, accelerated default on 1st ... r u suggesting assets cannot cover off senior secured 1st lien?)

What card is EM holding that makes you think the 2nd lien is bluffing? Maybe he's as good a poker play as an oilman? Hah

23rd Dec was the "Notice Date" and looks like SNDE didn't come up with the Plan (maybe they got no bids???)

They'll (1st lien banking syndicate)) sell the properties on the steps of the courthouse if they have too.

There is no value in the equity as far as I can see.

Expand

Ahh of course... there's two tier debt

I've been looking at it as just debt (For some bizarre reason).

If 1st lien call, it's game over...

Cheers cmon

SEA Price at posting: 16.5¢ Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

There are more pages in this discussion • 57 more messages in this thread...

First 44 Last

Add SEA (ASX) to my watchlist

SPONSORED BY