RE:RE:RE:Someone Place a Big Bet!Curv,
Its all useful info for determining the further risk to shares. I also agree the converts have right to call debt with technical default of revolver. If P wandered into a grey area and a technical default occured either now or 7 months ago it would have been a material event imo. These guys at P have no problem adding to pile of shareholder despair so I doubt they would have failed to mention that detail imo. But you never really know.
As far as Wheaton preferring P in CCAA more than Wheaton already acting as Ps DIP lender now and pulling the strings seems odd but its possible. I agree with you that W really doesnt need to reduce the stream as much as modifying stream. Maybe a small combo. The twist may be a gaining a chunk of P shares that would make a reduction to stream more Palatable and potentially more profitable, especially if the market liked it.
With that said a CCAA filing or serious take under bid can not be ruled out but that is not my bet. We will see where we stand tomorrow.