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14,137 Posts.
106
27/12/08
13:48
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I think the chances of refinancing will occur if the OZL can payout the banks that don't want to be part of the syndicate
to do this OZL will have to do either or both a capital raising or an asset sale
provided these conditions are met everything will be hunky dory
so in order to do this the banks have to give OZL time to sell the assets and raise the capital
I am not sure how much the rogue banks want to get out.
I think one...Society general wants about $250m...
not sure how much the rogue bank has invested...lets say $500m
so lets say $150 m for the rogue bank
that would mean selling Martabe and a small capital raising
lets say a rights issue of say 1 for 3 @ 30c which might get us about $326m
and the sale of Martabe at $200m
all up $526m
that's the way I see it going
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