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Exceller

1,458 Posts.

126

30/11/19

20:19

Post #: 41729392
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Originally posted by Haplo: ↑

There is another alternative course of action which I believe is an unlikely outcome. I think everyone would agree that a reset is required from all parties on the current state of play.

GXY can also decide to withdraw the debt default notice/retire the Receiver on its own accord. Renegotiate the debt on better terms (ie for example to 5% to match competing offer) with repayment terms/dates written into the DOCA.

A40 gains breathing room to recapitalise and restructure the business... properly without the default notice in play or with a gun to its head. GXY remains the top shareholder without losing their equity plus the Bald Hill assets remain in Australia hands.

Ohhhh....wait - that's what the A40 board wanted to do in the first place but Tribeca/GXY wouldn't allow that by calling in the default notice. Best just to ignore the above then and to continue on as is.

Haplo

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and that's what sh1ts me about GXY holders laying the blame elsewhere.

A40 Price at posting: 8.2¢ Sentiment: Buy Disclosure: Held
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