PDN 0.98% $11.07 paladin energy ltd

July deal imminent?

  1. 11 Posts.
    A July deal imminent relating to either refinancing and/or partial asset sale? . . .

    http://seekingalpha.com/article/397...-2016-results-earnings-call-transcript?page=6

    Alexander Molyneux
    I think we can say that we would expect to be in a position to announce a deal probably in advance of our next quarterly result, which happen in mid-August, I would imagine. But it’s a little bit difficult to determine because the timeline’s dependant on the performance of various counterparties and how they progress with things.
    But – so I think we are making progress to be able to announce a solution well in advance of any time that we believe we have any – many sort of pressures or issues with respect to the 2017 CB repayment. We believe that probably not before July, but could be July. But it could be – it’s a little difficult for us to know, but we’re not too far off.
    Now, on your second point, we can’t – we’re looking at a number of structures. Obviously, we talk to different parties about different kinds of proposals or deal structures, so I don’t want to be specific on the nature of the transaction that the company may enter into. I can say that we only invite parties to commence due diligence if the proposals discussed with them impute a significant premium to the valuation to the market, trading valuation of Paladin.


    From -

    Paladin Energy's (PALAF) CEO Alexander Molyneux on Q3 2016 Results - Earnings Call Transcript
    May 11, 2016
 
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