EMG ain’t coming to save you. Correct. But they do want to save their US$14Bn funds management business. And so the bite the bullet decision could be nearing. Either CRN management procure the ABL relief and revision of Stanwell payment terms or they are replaced. EMG wont put in any more funds. If punitive conditions in the met coal market persist EMG will engineer a downsizing of Coronado ..they wont let it go bust.
CRN Price at posting:
16.8¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)