Pwu - the hedge funds are holding secured debt on our assets , just like the bank holds the mortgage. The bank does not care what you owe your mates.
To me the question is what damage does administration pose to the business contracts in place? If this damages the business the tax lossses and avoidance of administration holds value. Ten cents a share would cost 80 million against $2.9 billion in debt on 3.3 billion in assets. I don't think this is a multi-bagger but commercial common sense should see some form of deal.
AEJ Price at posting:
4.9¢ Sentiment: Hold Disclosure: Held
