Interesting that John Borshoff flattly denies the Convertible Bond banter in the article on page 18 of todays AFR.
BUT . . . . . . there is more
In the second last paragraph it says
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Courtesy of the Australian Financial Review
Paladin said it had received the final non-binding offers in a strategic review being led by JPMorgan, but chief executive John Borshoff said that rather than sticking to the original plan of submitting offers for a minority stack in undeveloped Australian projects, the bidders had "let their imaginations go" and made various proposals.
Borshoff said that the miner hoped to wrap up a deal by the end of this quarter, which would help ease concerns Paladin will have trouble repaying $US 316 million of convertible notes due next March, without an equity raising.
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John Borshoff didn't deny this information in the article.
IMO Areva want all of Summit Resources
SwissB
Interesting that John Borshoff flattly denies the Convertible...
Add PDN (ASX) to my watchlist
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