every day that goes by-Alinta pays interest on the full debt owing,and not at 60c/$ either.Another gas contract comes up for renewal at the new price and the longer it is before the lenders have to do their majic and take a capital loss,if any.
Also,if we're still not unprofitable,a little more trickles off that debt.
Also,until the agm, and everyone accepts the writedowns as presented for your approval,in the accounts,there could be some dissention maybe.As soon as that's over,i suspect things may happen.
really curious as to how good or bad the last 3months trading have been and a current update on the debt figure.
AEJ Price at posting:
8.6¢ Sentiment: None Disclosure: Held
