PRN 5.70% $1.02 perenti limited

Ann: Perenti secures A$420 million of contract extensions, page-15

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    relocating staff wouldn't seem to be a big issue with new contracts.

    the Savannah mine had a lot of cash on their balance sheet ($46 M at October quarterly activities report) so paying staff and contractors should be ok. I don't know the priority of creditors but unpaid contractors should be high. Not sure what is owed but I doubt prn would have let them rack up many months worth of bills like EHL (who changed their credit policy when they got burned 9 months ago.)
 
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