I cannot believe that BOD could have been stupid enough to convert loan to Euro
Any chance PVR give up incremental stake in SP to Cairn in return for a free ride?
Jimmy, I think twice you have posted that we have an FX loss on the loan facility - do you really think the management would have been stupid enough to draw down the loan facility and convert to Euro?
No, it is not fair to assume! She is more than capable of paying off the loans, there is however no reason whatsoever that she should.
At this stage I would settle for the management letting us know they are alive and well and putting a few hours a week in at the office!
Based on the RNS am I correct in saying PVR cash position has just improved by US$17m - US$19m?
As this seems to never have been declared to Shareholders one has to assume that it is fully accrued for.
What the price will be after formal announcement of a deal?