RAT 0.00% 0.9¢ rubicon america trust

Reading today announcement and confirmation that RAT will not be...

  1. 1,278 Posts.
    Reading today announcement and confirmation that RAT will not be in a position to meet its required debt repayment by 15 August of $US114M in full.

    In my opinion there is a real chance it go into voluntary administration if it cant get $US60M or get an extendsion.

    Definitely some very brave holders RAT.

    Any opinion how RAT will get out of this situation?
 
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Currently unlisted public company.

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