Afternoon all.......!7 Dec 2018 14:11
GSPC owe a boat load of money to a lot lenders, and they want their money back + interest.........!
GSPC has borrowed more money, in order to go to arb......... ~£4m this covers money owed OEX and near future JV commitments..........! is my understanding :)
The lender that loaned GSPC the ~£4m (baring in mind GSPC owe a lot of money out to a lot of lenders) will want this money back + interest..........!
I reckon, the lender that loaned the nearly bankcrupt GSPC this money, ~£4m, will have stated in the conditions for the loan, that arb is completed ASAP......... ie give up some of Cambay, in return for said money........!
seems realistic......... then in turn, OEX can farm out some of the enlarged share of Cambay....... for a free ride to a shed load of Gas........... and profits.....and SP increase :)
All the best (IMO)