GREY:ZARFF - Post by User
Comment by
pppon Nov 06, 2018 9:36am
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Post# 28929667
RE:ZAR can sell nat gas assets (AECO at C$2.50) & RF the notes
RE:ZAR can sell nat gas assets (AECO at C$2.50) & RF the notesZAR can refinance its convertible notes in early 2019 and replace them with new notes maturing in 2021 (if it does not want to convert these notes into shares), so it can buy time this way.
You think notes that are selling at 50 cents on the dollar are going to get replaced. If management had a brain they would have borrowed a few more dollars and started buying them back starting now. But no they are going to pi$$ around till all that money is gone. Till the notes are trading at par this company is distressed end of story.