do we remember what the PDN cheif said when the sunami hit?it...

do we remember what the PDN cheif said when the sunami hit?

it was, dont worry, etc. 5 dollars then. (bad call)

So ok, now recently comes out, and says, all ok with their debt etc,,,,no covenant triggers etc.

So, expect the unexpected.

What super funds, will just look at the MC and say, sorry, we have no choice, our rules of holding force us out.

It is being re-rated, as a debt overhang, and no profit stock, that lives in fear of liquidation.

Its cash, its its only grace, that all holders can hope will allow them to make payments on borrowings, and that in that time, the U price can lift, to resusitate things.

And then the fear of needing to raise dollars at cheaper prices, if that U price stalls.

FEAR.