Hi
@cmonaussie1, 2 4 agreed and we can withstand. Our borrowing is only 115/190.
If it drops to 115 /135 (with 15m buffer) SNDE should be able to withstand
3. Be interesting to see what this is. Senior 265m /100m (assuming we can sustain that level) - wouldn't want this any lower than 2.5
4. Agreed- this will help point 3 (in case of a lower debt multiple).
I think you've pretty much nailed the likely amendment and pathway for SNDE. I can't see a capital raise being an option - equity is simply too expensive. Also, assuming the company issued 15% new shares (max allowed on ASX in 12 months) would only yield $5M - hardly enough to do anything....
Now, just need Eric to ink that amendment, without which we are currently 4 days from an event of default (Don't think we will default, but I'd rather some certainty on).
Want to see that announcement tonight plz