Well after today's announcement, does not look like they are waiting around until June 2013 either if they can help it.
Another $28M of long term assets sold off to pay off short term debt. Outstanding interest bearing debt must be close to only $30M now. Remember that they are not paying any interest on the outstanding deferred interest portion owing so it can just sit there until June 2014 for all they care.
There must come a point where the owners of the deferred interest portion take a discount to get paid up sooner. They probably don't want to wait until June 2014 either.
Once the debt part is completely paid off is makes the unitholders position stronger as they will not be incurring any ongoing interest costs.
Nice.............
MXQ Price at posting:
28.0¢ Sentiment: Hold Disclosure: Held
