Providence Resources - Re: PVR Stream Log - Hi Shadow, a ferw hurdles...

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Re: PVR Stream Log
15:48 06/05/2015
JREwing
0 replies 0 0

Hi Shadow, a ferw hurdles still to cross, not least that Sequa didn't fully get their bond away. If memory serves me correctly, they still have $96m to sell in non US markets over the next 6 weeks. The free cash from the bond was $75m and they are getting a further $62.5m from Sapinda Asia (possibly this will go towards the unsold portion of the bond.) All depends on what their cash commitments elsewhere are.

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