I acknowledge that VA is avoided for now due to making the interest payment on the MLX debt. However this arrangement could easily lead to an end result for shareholders that is very little different from a VA.
I hope, in due course, Avior will find more value for themselves in getting the project up running with the current ownership than in taking over and fire-sale of the assets.
CYM Price at posting:
11.0¢ Sentiment: None Disclosure: Held
