GREY:NMKEF - Post by User
Post by
Charleneon Dec 05, 2019 8:15am
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Post# 30424006
Good news on court ruling
Good news on court ruling The court ruling on the bonds is very good news. Even though the press release is carefully worded, it does indicate that most of the bond will be discharged. Reducing it from $350M to $100M is significant. Also, $130M($100M US) in debt helps close the financing gap that existed.
The bond discharge and its associated uncertainty was the reason for the extension to Dec 31. This news paves the way for a deal to be announced shortly. The share price should start going up now.