Aus this is all shuffling deck chairs on the Lytanic imo. If this report is true then our company most likely will not survive the Dec 1/4 unless they can make some serious money soon. I can't see many sitting still for another CR so its looking more and more like AL is staring over the glass cliff to me!
Even if they do manage to successfully renegotiate the debt (not evidenced as yet BTW) they will be only delaying the trouble. It goes to show a projected future demand for RE product and a modern plant with worlds best practice count for nothing if the company isn't profitable and can't run profitably IMO.
It is amazing that LYC do their communication this way .....
AL Interview, page-15
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