T1243 - read the ann again a few times. The fact that cs are looking to restructure the debt facility would indicate that cs wish to continue to provide financing. The reference to " outcomes which could be materially prejudicial to the company and the company may need to seek alternate funding" would indicate that some of the conditions may not be favorable to bnd. Also the wording that "cs intends to" which would imply cs are enforcing the new conditions on bnd.
Interestingly, however when I was searching the web for the details of the agreement signed with cs in mid 2012 I stumbled on the below report from cs dated end of April 2014 where cs has bnd as takeover target. (Grouped with companies such as karoon gas, western areas, Myer etc)
https://doc.research-and-analytics....=J18rTTWLyl96JTWlqi9KbNYYxZMvxyLPSQOI8I3AKPQ=
So we know that at least some groups within cs see further opportunity in bnd. In addition to any transaction fees they will get from the debt facility they also want to advise bnd in the event there is a takeover. Maybe, therefore their revised debt facility may be better
Interesting also that we saw the sp rise on good volumes thursday and Friday last week. The financing ann stated that cs issued the notice on the 6th of June, which was last Friday but we didn't see any sp dump during the Friday. In fact the sp rose.
On the approvals I thought it was the other way around I.e. Bnd just got the eis approval but was still waiting for the mining lease.
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