the subordinate debt is un secured and ranks only above equity should the company be forced to repay - as it was reported in a recent analyst report that the risk then lies more with the lender rather than the borrower in terms of getting their money back.
if this debt is re financed or rolled over, even at a no doubt increased rate, i feel that it will reduce much investor uncertainty currently.
of course a higher copper price would be good too, but of that im less hopeful sadly.
PNA Price at posting:
12.3¢ Sentiment: Hold Disclosure: Held
