i do not think the new debt to equity swap/equity rising will be around the current trading price of under 10 cents. 25 cents to NTA values range are more likely.
It is too dilutives at current trading prices. As a result it is hard to get GPG and the shareholders (us) to approval and support.
If GPG/shareholders block the recap plan. all the hard works by TPG/Alinta management will be loss. So they will be some incentive to gain our support. It is a very logical.
AEJ Price at posting:
5.8¢ Sentiment: None Disclosure: Held
