From the 2012 Stat Accounts the impact to the valuation as indicated by the directors is -$2.6m to +$160m
There is still risk but my belief is that the Banks have supported AEJ so far there is no reason for them to not continue to support them further.
The landers would probably want the directors to either;
1. Sell the business 2. Recapitalise ie raise capital to reduce the debt
My belief is that the current board has doen a great job and that there will still be a going concern in place. The questionj will be what the landers drive as an outcome.
AEJ Price at posting:
$9.70 Sentiment: Hold Disclosure: Held