If a Fixed loan refinance can be achieved for the less than 1...

If a Fixed loan refinance can be achieved for the less than 1 million Euro's for PVE, it will be a big hurdle out of the way. The production is concerning with Sillaro on its last legs and the gas price unlikely to launch higher in the near term. The outcome of the refinancing will depend on flow rates and reserves which is their capacity to repay. Certainly even at fire sale prices Nedbank would be unlikely to lose money unless something is lurking off the books. I hope for the companies sake it can renegotiate and reduce some interest and get some further gas into production. Good luck all especially PVE