GREY:WFREF - Post by User
Comment by
dowdon Nov 24, 2015 11:36pm
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Post# 24322587
RE:May 2016
RE:May 2016If MIE holdings closes the PP then LRE will survive. They can easily sell off some asset for $150 million before May.
But if MIE bails out and does not do the PP then LRE need an Opec cut and oil price rise.
If no PP and no Opec cut then LRE needs to have some luck and sell the compnay whole.
The good news is that we will no very shortly. mie holdings has until 11/30 to put up their $10 million deposit. That's next Monday.
I think the odds are 50/50 that the PP gets done.