skc
Goldmember
- Joined
- 12 August 2008
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Just refinanced 1.95B of dept.
Should be seen as extremely positive in light of the threat of not being able to refinance now off the cards.
Not the best day to announce it as the market has tanked after German Finance minister tried to cool expectations about the weekend so they can still impress the market that looked a bit too impressed already!!
Bounced about 3% from where it was regardless of the tanking day.
I was also looking for a significant bounce but looks like there are plenty of sellers at $3.10-$3.15.
These guys are yielding 14% which is about as lack of confidence as you can get on a stock.