PDN 1.59% $13.58 paladin energy ltd

Ann: CNNC Purports to Exercise Langer Heinrich Call Option, page-25

  1. 1,233 Posts.
    lightbulb Created with Sketch. 6
    This from the 10th Jan announcement:

    "The bondholders that have provided their support for the Restructure Proposal have agreed a standstill on obligations under the Existing Convertible Bonds until 30 June 2017 to facilitate completion of the Restructure Proposal. The standstill can lapse on certain events, for example an investor elects to terminate the standstill where an insolvency event occurs that results in there being no reasonable prospect of the successful completion of the Restructure Proposal."

    So the aggrement to hold off repayment was only with those that had signed up to the restructure, and there's an explicit mention that it will lapse in the event the restructure isn't going to proceed. Not good I'm afraid, not got at all.
 
watchlist Created with Sketch. Add PDN (ASX) to my watchlist
(20min delay)
Last
$13.58
Change
-0.220(1.59%)
Mkt cap ! $4.060B
Open High Low Value Volume
$13.64 $13.76 $13.52 $10.04M 738.2K

Buyers (Bids)

No. Vol. Price($)
1 73 $13.57
 

Sellers (Offers)

Price($) Vol. No.
$13.58 1322 2
View Market Depth
Last trade - 16.10pm 16/07/2024 (20 minute delay) ?
PDN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.