My speculations from the arf article it the mass dilution is not likely due to strong shareholder opposition. So alinta is prefer to deal with a cornerstone investor and it is in early talks with one at the present.
Possibilities:
1. talk to banks to trim the 250 mils repayment 2011 target lower.
2. rise around 250 mils from the corner stone investor to pay off the 2011 repayment and therefore reduce interest hiker with issue of preference shares.
3. share price increase to low 30c due to more stable financial status and improve economic outlooks for the course of 2010 to 2011.
4. cap rising at mid to high 20c just like the one by boart longyeard (bly)
Add to My Watchlist
What is My Watchlist?