KCN 0.00% $1.60 kingsgate consolidated limited.

They've obviously got the Nebari situation covered in so far as...

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  1. 10,831 Posts.
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    They've obviously got the Nebari situation covered in so far as the amount due today will be settled or rolled-over - we have to wait to see what their solution is before passing judgement - if they're staying with Nebari then we need to know what is the effective interest rate - Nebari currently hold all the security so staying with them saves some dollars there. Maybe they think Bangkok Bank is too close to the Thai Govt and that might create a problem down the track.
    The other consideration is that we don't need long term financing - maybe 9 to 12 months at most - so the cost of staying with Nebari might be negligible compared with creating a facility with a new financier.
    We await answers.
 
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