Of course they do. Thats journalism. Without their sources n contacts, theyd be nothing worth reading.....
1-2weeks left to sort out the debt means deal rooms working overtime and multiple parties leaking news....
debt. The famous iceberg that has the potential to sink all ships....every commodity player does it..hopes to expand in good times, takes on debt they think they can pay back in a year or two...then the inevitable down swing and here we all are....
now which player is gonna make most of this opportunity??? Aussuper? Sev.en? Whats the offer?? Sev.en for one clearly wants what we have and know that in 1.5yrs itd be a $3bn offer again, why not buy it, or most of it, now via $400m hybrid offer? Even at $1 conversion, thats 400m shares (1/3 ownership) for a tiny $400m investment. Win win hey?
lets see what emg will accept...theres also the emg privatisation option, they only need 49%, barely ascribed $160m now?! But worth billions in a year....
CRN Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
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