Another Article in todays Financial Review. this time it's the unknown Bronte hedge fund owning less than 5% pushing back against then TPG boys.
This combined with Coastal and a few of us individual shareholders may get some action I hope from the TPG boy's.
The only concern I have is with the discount they have on the debt are they able to still make a profit by letting the thing go into receivership. I know they will loose control.
Bronte are challanging the management stating there is no need to send Alinta into administration.
I question if there is an opportunity now to raise equity with a rights issue. i know that will dilute shareholders but it will also make the TPG boy's reconsider whether it is worth pursueing any further?
I say NO to all!
AEJ Price at posting:
9.7¢ Sentiment: Hold Disclosure: Held
