AZZ antares energy limited

LOTM Antares has a drawdown of M$33 at present on Macquarie...

  1. 784 Posts.
    LOTM
    Antares has a drawdown of M$33 at present on Macquarie facility.( Interest is LIPOR + 4%)Todays announcement.

    I think you are getting a bit excited about all noteholders likely to redeem on 31/10/15.( Next reset date)

    The company will be in a very good position by then, and I would imagine the next reset date would be announced by then.
    (Redemption can only happen on a reset date, conversion to fully paid shares can happen any time.)

    As I mentioned earlier no point holding notes above a SP of 74cps.
    My thoughts only

    IFINO
 
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