AZZ antares energy limited
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Just to complicate & make matters much worse...

  1. Last of the Mohicans
    5,038 Posts.
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    15/04/16
    02:15
    Post #: 17508842
    Just to complicate & make matters much worse

    http://ir.breitburn.com/releasedetail.cfm?ReleaseID=965077

    Share price now down at just $0.45 and can't see it recovering near term on that news

    So Antares if they haven't already sold all of those remaining 3M BBEP shares are unlikely get very much for them. So how are they going to fund themselves now for the next 11 months?

    As I've highlighted before, why did they not hedge the position as soon as they were free from the 180 day clause? Share price was over $6 last April/May

    Its One of the questions Note holders should be asking at the meeting.

    LOTM
    AZZ Price at posting: 50.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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