AZZ antares energy limited
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Antares received redemption notices from Noteholders for...

  1. jtrain
    181 Posts.
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    28/10/15
    10:01
    Post #: 16269553
    ​
    Antares received redemption notices from Noteholders for 11,891,535 Notes for a total redemption value of 23,783,070 AUD.

    Cash at Balance Date - A$4.4m

    current earnings - $400KAdmin - high

    Interest cost - even higher

    projected earnings - negligible.

    Northern Star, Big Star undeveloped and no reserves....no value?

    therefore likelihood of sale materialising...?

    therefore likelihood of Notholdings voting to support kicking the can down the road...?
    AZZ Price at posting: 50.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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