I don't think so!
US$150M isn't due until 2020 (a problem for another day)
EDF is owed US$260m
So I reckon it's actually US 212 + 260 which would need to be repaid in the near term - with POSSIBLY another 115m on top (CNNC would likely be deducted from the sale? but why is Nedbank suddenly calling in the loan?) - that totals US$587m which is in the realm of fair value for 75% of LHM
Ann: CNNC Purports to Exercise Langer Heinrich Call Option, page-28
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$11.43 |
Change
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Mkt cap ! $3.417B | |||
| Open | High | Low | Value | Volume |
| $11.35 | $11.58 | $11.16 | $24.03M | 2.107M |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 164 | $11.41 |
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| Price($) | Vol. | No. |
|---|---|---|
| $11.45 | 6746 | 1 |
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