"The first is to get a major equity injection from a third party - an avenue being investigated - most likely an offshore party, probably Asian." __________
Sounds kind of specific. Hopefully there is something in the works there. Also, this article in AFR Street Talk today (for members or take a free trial:
The figure of $75m got knocked around yesterday, but Elizabeth Knight, in toby's article, says $70m. Could be a bidding battle for Futuris?
The ords went ok today. The hybrids smashed (I note they remain double the price of PXUPA's, though- double the hope?) What Iwonder is why, if the market expects an equity injection, and a sale of Futuris, and this gives the ords up a tick, then why would ELDPA be sold off, because hope (of solvency) in ELD means hope (of solvency) in ELDPA too, I would think.
ELD Price at posting:
7.5¢ Sentiment: None Disclosure: Not Held
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