DNA 0.00% 3.3¢ donaco international limited

They didn't say it will be another cap raise. They just...

  1. 4,427 Posts.
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    They didn't say it will be another cap raise. They just anticipate the company will need further cash injection.

    There's plenty of ways they can play with this, they've got time now to investigate:

    - renegotiate the loan to interest payment only for the next 18 months (USD$12mn debt and asset worth over USD $100mn, why can't mega bank cut DNA some slack?)

    - take out another loan with a Thai bank to repay Mega Bank (Thai Banks subsidiary in Cambodia have a better understanding of land valuation and Cambodian assets)

    - issue convertible bond notes, similar to what Nagaworld just did

    - Sell Aristo

    - instead of the USD $18mn lease payment to Somboon, they could opt to take it as USD $10mn cash.

    - or something really out of the ordinary, like Selling gaming chips to VIP at huge discount rate, of course with conditions, (like not cashing out till 24 months etc) Say $1 baht cash exchange for $2 baht Star Vegas playing chip.


 
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