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3,607 Posts.
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20/06/17
08:52
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Danger,
yes - I do take your point.......
and yes - it is trading at a deep discount to NAV .......
but - it wont generate enough cash to pay interest bill........
so asset sales will continue.......
and "if" one of the syndicate banks were to sell some of the debt to a 3rd party ..........then it could still be forced to restructure ......
as I said - high risk, and one of two things will happen .......
rgds
V_H
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