In support of that notion. AFR reported that AJM were tiring for A$150M equity raise and $30M debt to eliminate the bond holders and keep AJM owning ALO (A$180M total). PLS has offered US$175M (ie. about A$250M ... I’d guess that should cover all AJMs reported debtors given that the exchange rate appreciation will have reduced the US$ debt in A$ since the last Apr qrtly). As a shareholder in NWH who is owed about $9M from AJM, I’d prefer that too.
In support of that notion. AFR reported that AJM were tiring for...
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