There was another article that came out earlier today in the AFR that said NAIF will be reviewing their potential funding too. They’re cooked in my humble opinion. Best case scenario, you’re right, and they restructure. Most likely scenario - Wyloo calls the debt and ends up owning the whole thing. I can’t see anyone else wanting to touch it with the threat of Wyloo calling it in, so they likely find themselves up a creek without a paddle.
HAS Price at posting:
28.5¢ Sentiment: None Disclosure: Not Held
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