The refinance of Bison announced in the last couple of days...

The refinance of Bison announced in the last couple of days reduces risk further. It also seems to have thrown off more than $10m in additional funding that can be used to deal with other debt maturities.

I would also have thought that the Bank refinancing would have had to be more than comfortable about the asset values ascribed to the properties refinanced. While it could indicate these have some room to be higher, at a minimum should nail the comment from the management team seeking to buy out Minorities on the cheap that the risk is that values could fall or be 10% lower. Find it hard to believe that any bank would be stepping up to refinance under this scenario right now.