What would ever possess a bank to "forgive" $40 mill of debt and deferred interest payments? There's much much more to this.
"NLG director, Mr Andrew Jolliffe said Todays announcement is both positive news and is reflective of NLGs recent solid trading performance, and the strong relationship NLG enjoys with its bankers".
Am eagerly awaiting details of "recent solid trading performance" which I assume will be highlighted in a preliminary final report due any day now.
NLG Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held