interesting tone in the extension announcement. it states that Rebank are still talking to the lenders, as if they really have a choice.
This is a real stand off I think.
My concern is that Nexif may have made overtures to the lenders and the lenders are possibly saying better the cash in hand than to wait for AEJ to deliever the repayments.
We will find out either later today or early tomorrow before the market opens.
It will be interesting to see where the SP goes today!
AEJ Price at posting:
$6.95 Sentiment: Hold Disclosure: Held
