gave you a thumb up for passing on the news...humblelove.
alinta still has time to find a best solution for its debt problem. My guess is they would like to research for more possible solutions and waiting for the correct timing.
Keep in mind that WA economics are picking up with miners advertising many jobs and skills shortage in that state (increase in demand). Recent WA legislation allows exploration of local gas reserves and allows less quality of gas supply feed to the pipelines (increase in supply), electricity prices are picking up, coal fire power stations are getting more expansive to run with extra tax (increase prices). As a result, ?there are long term material values for alinta?. Sound familiar?
From memory their last cap rising was on Dec 2007 - 15,144,681 shares at 288 cents.
Current stock price is disappointing. My guess the recent issues to BBIL are still selling into the market.
What do you think?
gave you a thumb up for passing on the news...humblelove.alinta...
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