DES 2.15% 9.1¢ desoto resources limited

Oscar - only issue is that it then gives PRT the chance to...

  1. 226 Posts.
    Oscar - only issue is that it then gives PRT the chance to renegotiate the terms of the Underwriting - maybe not such a good thing

    I dont think DES's exposure is that bad - so BVI has dropped off - $900k exposure and "paper" change on the balance sheet, but only $100k to P&L.

    Ive decided to keep averaging, after some long and hard thinking about it - DES cashflow position hasnt changed (except by $100k out of $6m on half yearly)
 
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