Australia's largest stock trading and investment forum Australia's #1 stock forum

BLA

Click for more information

0.00%

18.5¢ blue sky alternative investments limited

Ann: Response to Media Speculation, page-108

First 108 Last

Share
Profile

Follow
taipan168

81 Posts.

33

27/07/18

09:38

Post #: 34588282
Share

Originally posted by pikel1980 ↑

Yeah, make no mistake, if oaktree get involved. It will be a very successful deal for oaktree and their shareholders. Not such a great deal for BLA shareholders.

I assume the deal will look like:
1. A position on the share register, circa 20% at $1 / $1.50 a share.
2. Re-finance the existing loans to investments to re-cash the BLA balance sheet.
3. Board representation
4. The ability to convert that debt to equity in BLA if certain conditions are met - terms favorable to oaktree.
5. BLA would be pushing for a deal to present to the shareholders at AGM

As I have maintained, this will be interesting after the annual report - until we see the true recurring operating costs (June update reported 30million negative operating costs for last 6 months) this beast is a dog.

Expand

I agree, if Oaktree get involved there is no way that this is going to be positive for BLA shareholders, other than preserving option value by stopping the ship going under (which you have to assume it otherwise would if they are asking a distressed debt investor to invest).

BLA Price at posting: $1.83 Sentiment: None Disclosure: Not Held
Upvote

0 Great analysis

Reply

Top Stories

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

ASX Market Open: Futures say drop after Bullock's hawkish speech removes slow cut doubts | Nov 29, 2024

There are more pages in this discussion • 33 more messages in this thread...

First 108 Last

Add BLA (ASX) to my watchlist