Can't see SAV going anywhere until we get clarity on the position of the banks in respect of the covenant breaches. This will largely depend on whether SAV can continue to service its debt during the restructure and recovery period. Not much upside in the banks insisting on asset sales in this environment. Not sure who the SAV bankers are but I hope they are Aussie majors
Can't see SAV going anywhere until we get clarity on the...
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