Why would the creditors revived a loss making producer? I can only think of cleaning up the accounts and write off the debt to start again, without the existing equity holders. Is it a good time to recapitalise the company back into trading again?
3 sucker rallies so far and I am sure on each occasion folks were thinking reversal? The risk from this sector is being reminded each time you see a breaking news on an earthquake around Japan! I just can't see any real fundamentals that will change the sentiment with so many competing energy source. This is like a Green party go to energy source when they are desperate and tolerate the abandonment of radioactivity to compliment their ideology.
6 years into Fukushima and I suspect plenty more years before the light at the end of the tunnel. By then the only billion dollar U company in Oz is the number of shares on issue.
Ann: Pro Forma Balance Sheet, page-26
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