Originally Posted by
Baddarcy
Apologies @blackcap, i meant it as a rhetorical question, appreciate that wasn't that clear.
They have over $600m in current liabilities and $160m in current assets ($65m in cash). With no income coming in and a likeley much longer than 4 week shutdown, how long before they need more cash is the point i poorly attempted to make. A capital raising will be hard with the council as a major shareholder, a bond sale would be expensive given no income and they already have $2.8b in debt on their books.
I can't see any bonds due this year however which would be a positive for them. Plus i'm sure i wouldn't be the only one that would be in like a robbers dog if they had to do an emergency capital raising.