View
Page
As far as I can make out this placing is useless other than to cover the loan facility. It is not enough to fund spanish point drilling etc. So the only thing it does is provide cover for the loan. The reason the placing is a month away I would expect is that it is a few days after Sequa have to put up or walk away. If they walk away then they have cover for the loan and can survive until another bid comes in or Sequa get the cash in which case they can cancel the shares as will have cash from the deal.
Latest from the Community...
Latest from the Community...
Latest from the Community...
